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प्रश्न
A differentiated product has ______.
पर्याय
Many perfect substitutes
No close substitutes
Close but not perfect substitute
No substitute of any kind
उत्तर
A differentiated product has close but not perfect substitute.
APPEARS IN
संबंधित प्रश्न
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
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
With reference to Perfect competition form of market, choose the odd one out.
In perfect competition the sellers are selling ______ products.
In which market form, marginal revenue is equal to price?
Firms under ______ are free to enter or leave the industry any time.
Explain the following feature of perfect competition:
Homogeneous products
In which market form are goods sold at a uniform price?
