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प्रश्न
Who is price-taker?
उत्तर
A large number of buyers implies that each individual buyer buys a very, very small quantum of a product as compared to that found in the market. This means that he has no power to fix the price of the product. He is only a price taker and not a price-maker.
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संबंधित प्रश्न
A firm under monopoly can earn ______ in the short run.
Another name of price is ______.
Perfect competition assumes ______.
Price discrimination will always lead to
In which market form, does absence of competition prevail?
Point out the essential features of pure competition.
Draw demand curve of a firm for the following:
Monopoly
Mention any two types of price discrimination.
Define “Excess capacity”.
Describe the degrees of price discrimination.
Illustrate price and output determination under Monopoly.
