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प्रश्न
A car company ‘W’ hired an international cricket player for its endorsement in India, while two other car companies’ ‘Y’ and ‘R’ hired two famous Bollywood film stars for this purpose. Explain the features of the competitive market indicated above.
थोडक्यात उत्तर
उत्तर
It is a sales promotion measure in view of intense competition and interdependence of firms under oligopoly. Every firm under this market form enjoys a large market share due to small number of firms. Every firm’s action affects its rival firms. So, while taking decisions, a firm has to take into account the impact on and reaction of its rivals. This phenomenon has been reflected in the example.
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Features of Perfect Competition
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
