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प्रश्न
Why is there no need for selling cost under perfect competition?
Name a market where selling cost is not required. Give a reason for your answer.
Why are selling costs not incurred in perfect competition?
उत्तर
Selling costs are not incurred in perfect competition as there exists perfect knowledge among the buyers and sellers of homogeneous products.
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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:
'A few big sellers' is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
In monopolistic competition, there are ______.
A monopolist is price maker:
Pick the option which does not belong to the group.
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.
What is meant by oligopoly?
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the following:
Telecom industry in India.
Define monopoly.
Give an example of price discrimination.
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Mobile phone services
To which market is price discrimination relevant?
Give two examples of monopolistically competitive market.
Mention one feature of a monopoly market.
