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What is meant by pure competition? - Economic Applications

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प्रश्न

What is meant by pure competition?

What is the pure competition?

एक पंक्ति में उत्तर

उत्तर

Pure competition is said to exist when three conditions (namely large number of sellers and buyers, homogenous product are free entry and exit of firms) are satisfied. 

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Forms of Market Structure
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३८]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 3. | पृष्ठ १३८
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTION BANK | Q 3. | पृष्ठ १३९
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 3. | पृष्ठ ११५
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
QUESTION BANK | Q 3. | पृष्ठ ११७

संबंधित प्रश्न

In which type of market price discrimination is practiced? Explain with an example.


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