Advertisements
Advertisements
प्रश्न
What is meant by product differentiation?
Define product differentiation.
उत्तर
Product differentiation refers to differentiating the products on the basis of brand, size, colour, shape etc.
APPEARS IN
संबंधित प्रश्न
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Following is the feature of perfect competition:
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
"The price of a product under perfect competition is determined by an individual seller."
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
What is perfect competition?
Mention two features of monopoly.
What is monopsony?
Give two characteristics of perfect competition.
What are selling costs?
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
Motor car market in India.
Identify the market form for the item given below:
A single seller
Identify the market form for the item given below:
Homogeneous goods
Identify the market form for the item given below:
A single buyer
Which type of market structure is the following? Give reason.
Trucks
What induces new firms to enter an industry?
Name the characteristic which makes monopolistic competition different from perfect competition.
Why are selling costs incurred?
