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प्रश्न
Explain the implications of the following in a perfectly competitive market:
Large number of buyers
Explain the implication of a large number of buyers in a perfectly competitive market.
उत्तर
A large number of buyers:- A perfectly competitive market is a market which consists of a large number of buyers and sellers. They produce a homogeneous product. When the number of buyers is more, the demand of an individual buyer is only a small portion of the market demand. Individual buyers cannot influence the market price of a good by varying their demands, and thus, an individual buyer is a price taker and not a price maker.
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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.
The seller is a price maker in the perfect competition.
Explain the implications of the following in an oligopoly market:
Inter- dependence between firms
Differentiated products is a characteristic of: (Choose the correct alternative):
(a) Monopolistic competition only
(b) Oligopoly only
(c) Both monopolistic competition and oligopoly
(d) Monopoly
Explain the implications of the following in an oligopoly market:
Non-price competition
Distinguish between perfect oligopoly and imperfect oligopoly. Also, explain the interdependence between the firms' feature of oligopoly.
What can you say about the number of buyers and sellers under monopolistic 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?
Distinguish between the following:
Perfect competition and Pure competition
Give reason or explain:
Single price prevails in perfect competition.
Give reason or explain:
Selling cost is incurred by a firm in Monopolistic competition.
Fill in the blank with appropriate alternative given below
_____________ appears in a monopoly market.
Fill in the blank with appropriate alternative given below
Monopolist means __________ competitive.
Define 'or' explain the following concept.
Product Differentiation:
Answer the following question.
What is the reason for an indeterminate demand curve under Oligopoly?
