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प्रश्न
Imperfect knowledge is a characteristic feature of:
पर्याय
Perfect competition and monopoly
Monopsony and perfect competition
Monopoly and monopolistic competition
Monopolistic competition and perfect competition
उत्तर
Monopoly and monopolistic competition
Explanation:
Monopolies and monopolistic competition are defined by imperfect knowledge. Buyers and sellers in these markets lack complete or perfect knowledge of prices, products, and market conditions, allowing businesses to manage pricing and product differentiation.
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संबंधित प्रश्न
Non-price competition is ______.
Following is the feature of perfect competition:
A seller cannot influence the market price under:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
What is perfect competition?
Producers in a monopoly are price makers. Briefly explain.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form of the following:
Motor car market in India.
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Jeans
