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प्रश्न
Define monopolistic competition.
Give the meaning of monopolistic competition.
What is monopolistic competition?
Define a monopolistically competitive market.
उत्तर
Monopolistic competition is a market structure in which the number of firms is large, there is free entry and exit of firms, and the firms produce differentiated products.
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संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Selling costs are absent in perfect competition market.
Which one of the following is NOT found in a perfectly competition market?
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Give an example of oligopoly.
Give two characteristics of perfect competition.
State two important characteristics of monopoly.
Identify the market form for the following:
Railways in India.
Identify the market form for the following:
Telecom industry in India.
State the market form of the following commodity.
Railways
Explain any four features of perfect competition.
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Lipstick
Which type of market structure is the following? Give reason.
Ball-pen
Why can a monopolist charge different prices in different markets?
To which market form are homogeneous products relevant?
Which market form has the least number of producers?
What induces new firms to enter an industry?
Why an individual firm under perfect competition cannot influence the market price?
Why are selling costs incurred?
