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प्रश्न
______ is essential for a market to be called as perfect competition.
पर्याय
Large number of buyers and sellers
Restricted entry and exit
No substitutes
Differentiated goods
उत्तर
Large number of buyers and sellers is essential for a market to be called as perfect competition.
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संबंधित प्रश्न
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Complete the Correlation:
Price taker : ______ :: Price maker :: Monopoly.
Assertion (A): In perfect competition, price is determined by the forces of demand and supply.
Reasoning (R): The number of buyers and sellers is so large that one person can not influences prices.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
With reference to Perfect competition form of market, choose the odd one out.
The following diagram represents the demand curve of a firm under ______.
______ goods refer to those products which are identical in quality, shape, size, color, etc.
Explain the following feature of perfect competition:
Large number of buyers and sellers
