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प्रश्न
What induces new firms to enter an industry?
उत्तर
Abnormal profit
संबंधित प्रश्न
How is Perfect competitive market is different from a monopoly market?
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Following is not the feature of perfect competition:
A seller cannot influence the market price under:
Imperfect knowledge is a characteristic feature of:
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Which of the following is the least competitive market?
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Identify the market form of the following:
Motor car market in India.
Identify the market form for the following:
Textile industry in India.
Identify the market form for the item given below:
Homogeneous goods
Identify the market form for the item given below:
Product differentiation
Define monopoly.
Give an example of price discrimination.
Explain any four features of perfect competition.
Which market form has the least number of producers?
What is the difference between perfect and imperfect oligopoly?
Name the market which has characteristics both of monopoly and perfect competition.
Why an individual firm under perfect competition cannot influence the market price?
