Advertisements
Advertisements
प्रश्न
Average revenue and Price are always equal under:(choose the correct alternative)
(a) Perfect competition only
b) Monopolistic competition only
(c) Monopoly only
(d) All market forms
उत्तर
All market forms
Average revenue (AR) and price always equal under all market forms. As we know that AR is equal to per unit sale receipts and price is always per unit. This is because the sellers receive revenue according to price.
APPEARS IN
संबंधित प्रश्न
Explain the implications of the following in a perfectly competitive market:
Large number of buyers
Explain the implications of the following in a perfectly competitive market :
Homogeneous products.
‘A few big sellers’ is a characteristics of : (choose the correct alternative)
a. Perfect competition
b. Monopolistic competition
c. Oligopoly
d. None of the above
What is price-maker firm?
Explain the implications of the following in a perfectly competitive market:
Freedom of entry and exit to firms
In monopolistic completion, goods have no close substitutes.
Define or Explain the following concepts
Monopoly
Answer the following question :
What are the features of monopolistic competition ?
Fill in the blank with proper alternatives given in the bracket:
Under monopoly there is existence of ______________ .
Define or Explain :
Average revenue.
State with reason whether you agree or disagree with the following statement
A seller is price maker in monopoly.
Distinguish between the following:
Natural monopoly and legal monopoly
Distinguish between the following:
Natural monopoly and Social monopoly
Define or explain the following concept:
Monopolistic Competition
Give reason or explain:
A monopolist can control the supply of goods.
Fill in the blank with appropriate alternative given below
Under perfect competition commodities are ________________ in nature.
Fill in the blank with appropriate alternative given below
_____________ appears in a monopoly market.
Define 'or' explain the following concept.
Product Differentiation:
In which one of the following types of markets are Average Revenue curve and Market Demand curve the same?
