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प्रश्न
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
विकल्प
Only monopolistically competitive markets have high selling costs.
Only monopolistically competitive markets have high selling costs and monopolistically competitive markets sell homogeneous goods.
Only monopolistically competitive markets have high selling costs and any firm can start a business in a monopolistically competitive market.
All of these
उत्तर
Only monopolistically competitive markets have high selling costs and any firm can start a business in a monopolistically competitive market.
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संबंधित प्रश्न
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Following is not the feature of perfect competition:
'Homogeneous products' is a characteristic of ______.
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 |
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Which of the following is the least competitive market?
To which market is product differentiation relevant?
What do you mean by homogeneous products?
What is the difference between collusive and non-collusive oligopoly?
Identify the market form from the following.
Price discrimination
