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प्रश्न
Explain the following term/concept in detail.
Imperfect Market
उत्तर
An imperfect Market refers to a market situation that is characterised by market imperfection such as a single seller, maladjustment in demand and supply, imperfect knowledge on the part of buyers or sellers, etc.
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संबंधित प्रश्न
Write a word/term/phrase for the following sentence.
The market is where goods are sold to the ultimate consumers or the users of the product.
Write a word/term/phrase for the following sentence.
Two sellers, selling either a homogeneous product or a differentiated product.
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.
Find the odd one.
Answer in one sentence.
What do you mean by 'Local Market'?
Answer in one sentence.
What do you mean by 'Regulated Market'?
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Arrange in proper order
Local market, International market, National market.
Justify the following statement.
The market can be classified on the basis of competition.
______ market is for commodities that are produced in one country and sold in another country.
Explain the following term/concept in detail.
Monopsony
Monopoly refers to a market situation when there is a single buyer of a commodity or service.
Market can be classified on the basis of importance and area covered.
Explain the following term/concept in detail:
Duopoly
