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What Can You Say About the Number of Buyers and Sellers Under Monopolistic Competition? - Economics

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प्रश्न

What can you say about the number of buyers and sellers under monopolistic competition? 

उत्तर

In a monopolistic market, there exists large number of buyers and sellers.

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2009-2010 (March) All India Set 1

वीडियो ट्यूटोरियलVIEW ALL [2]

संबंधित प्रश्न

The objective of a seller in monopoly market is...............................

(loss \ profit \ negative profit \ zero profit)


There is inverse relation between price and demand for the product of a firm under:

(choose the correct alternative)

(a) Monopoly only

(b) Monopolistic competition only

(c) Both under monopoly and monopolistic competition

(d) Perfect competition only


Explain the implications of the following in a perfectly competitive market:

Large number of buyers


Explain the implications of the following in a perfectly competitive market :

Large number of sellers


What is meant by collusive oligopoly?


Define or Explain the following  concepts

Monopoly


Answer the following question :

What are the features of monopolistic competition ?


Give reason or explain the following.

Price discrimination is possbile under monopoly.


State whether the following statement is true or false.

There is no product differentiation under monopolistic competition.


Define or Explain the Selling Cost.

 Distinguish between Any FOUR of the following :  

 Consumption expenditure and Investment expenditure. 


Answer in detail
What is Perfect Competition? Explain price determination under Perfect Competition.


Distinguish between the following:

Natural monopoly and legal monopoly


Define or explain the following concept:

Selling cost


Give reason or explain:

Single price prevails in perfect competition.


State whether the following statement is TRUE and FALSE.

There is no price discrimination under Monopolistic competition.


State whether the following statement is TRUE and FALSE.

In a monopoly market, firm and industry are the same.


Fill in the blank with appropriate alternative given below

Monopolist means __________ competitive. 


Answer the following question.
What is the reason for an indeterminate demand curve under Oligopoly?


Distinguish between perfect competition and monopolistic competition on the basis of the following:
(a) Number of sellers
(b) Nature of product
(c) Selling cost


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