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प्रश्न
Demand curve of a firm is perfectly elastic under: (Choose the correct alternative)
(a) Perfect competition
(b) Monopoly
(c) Monopolistic competition
(d) Oligopoly
उत्तर
The correct option is (a). Demand curve of a firm is perfectly elastic, i.e. horizontal straight line under perfect competition.
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संबंधित प्रश्न
State whether the following statement is True or False
Product differentiation is the most distinguishing feature of monopolistic competition.
What are the features of perfect competition.
There is inverse relation between price and demand for the product of a firm under:
(choose the correct alternative)
(a) Monopoly only
(b) Monopolistic competition only
(c) Both under monopoly and monopolistic competition
(d) Perfect competition only
Explain the implications of the following in an oligopoly market:
Inter- dependence between firms
Explain the implications of the following in an oligopoly market: A few or a few big sellers
Explain the 'free entry and exit of firms' feature of monopolistic competition.
In monopolistic completion, goods have no close substitutes.
Explain the significance of the feature 'product differentiation' in monopolistic competition.
Answer the following question :
What are the features of monopolistic competition ?
State whether the following statement is True or False with reason:
Perfect competition means pure competition.
Distinguish between Any FOUR of the following :
Consumption expenditure and Investment expenditure.
Answer the following question
What are the features of Perfect Competition?
Answer the following question
What are the features of monopoly?
State with reason whether you agree or disagree with the following statement
Perfect Competition means Monopolistic Competition.
Distinguish between the following:
Perfect competition and Pure competition
Distinguish between the following:
Perfect competition and Monopoly
Give reason or explain:
Selling cost is incurred by a firm in Monopolistic competition.
