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प्रश्न
Explain the implications of the following in a perfectly competitive market :
Large number of sellers
Explain the implications of the following:
Large number of sellers in perfect competition.
There are a large number of sellers in a perfectly competitive market. Explain the significance of this feature
उत्तर १
Large number of sellers in perfect competition:-
There are a large numbers of sellers, but the supply of an individual firm is only a small fraction of the whole market supply. Here, an individual seller cannot influence the market price by varying the sale in the market. Hence, a firm can supply any amount of goods at the given price. They are only price takers but not price makers.
उत्तर २
A perfectly competitive market is a market which consists of buyers and sellers. They produce a homogeneous product. When the number of buyers is more, the demand for 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
The objective of a seller in monopoly market is...............................
(loss \ profit \ negative profit \ zero profit)
Explain the features of monopoly.
Explain the implications of the following in an oligopoly market:
Inter- dependence between firms
Explain the implications of the following in a perfectly competitive market :
Homogeneous products.
Explain the implications of the following in an oligopoly market: Barriers to entry of new firms
Explain the implications of the following in an oligopoly market:
Non-price competition
A seller cannot influence the market price under (choose the correct alternative)
a) Perfect competition
b) Monopoly
c) Monopolistic competition
d) All of the above
Price discrimination is possible under monopoly.
Explain the significance of the feature 'product differentiation' in monopolistic competition.
State whether the following statement is true or false.
There is no product differentiation under monopolistic competition.
Distinguish between :
Output method and Expenditure method.
Answer the following question
What are the features of monopoly?
Distinguish between the following:
Perfect competition and Monopolistic competition
Give reason or explain:
Price discrimination is possible under monopoly.
Give reason or explain:
Selling cost is incurred by a firm in Monopolistic competition.
State whether the following statement is TRUE and FALSE.
There is no price discrimination under Monopolistic competition.
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
Monopolist means __________ competitive.
Answer the following question.
What is the reason for an indeterminate demand curve under Oligopoly?
Distinguish between perfect competition and monopolistic competition on the basis of the following:
(a) Number of sellers
(b) Nature of product
(c) Selling cost
