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प्रश्न
In which one of the following types of markets are Average Revenue curve and Market Demand curve the same?
पर्याय
Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
उत्तर
Perfect Competition
Explanation:
In perfect competition, the average revenue curve corresponds with the market demand curve since each firm is a price taker and sells their products at the market price, which is determined by market demand, resulting in a horizontal AR curve at this price.
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संबंधित प्रश्न
What are the features of perfect competition.
Explain the implications of the following in a perfectly competitive market:
Large number of buyers
Demand curve of a firm is perfectly elastic under: (Choose the correct alternative)
(a) Perfect competition
(b) Monopoly
(c) Monopolistic competition
(d) Oligopoly
‘A few big sellers’ is a characteristics of : (choose the correct alternative)
a. Perfect competition
b. Monopolistic competition
c. Oligopoly
d. None of the above
Explain the implications of the following : Product differentiation in monopolistic competition.
Price discrimination is possible under monopoly.
Define monopoly.
What can you say about the number of buyers and sellers under monopolistic competition?
Answer the following question :
What are the features of monopolistic competition ?
State whether the following statement is true or false.
There is no product differentiation under monopolistic competition.
Give reasons or explain the following statements
There is single price in 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
Give reason or explain:
Single price prevails in perfect competition.
Give reason or explain:
Selling cost is incurred by a firm in Monopolistic competition.
State whether the following statement is TRUE and FALSE.
In a monopoly market, firm and industry are the same.
Fill in the blank with appropriate alternative given below
In ________ market, seller creates products differentiation.
Fill in the blank with appropriate alternative given below
Monopolist means __________ competitive.
