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प्रश्न
Marginal revenue of a firm is constant throughout under:
पर्याय
Perfect Competition
Monopolistic Competition
Oligopoly
All the above
उत्तर
Perfect Competition
Explanation:
A firm's marginal revenue remains constant under perfect competition because it is a price taker. This means that the firm can sell any amount of its product at the current market price, and the additional revenue obtained from selling one more unit (marginal revenue) is constant and equal to the price.
संबंधित प्रश्न
Explain three features of Perfect competitive market.
How is Perfect competitive market is different from a monopoly market?
Differentiated products is a characteristic of ______.
In monopolistic competition, there are ______.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
The seller in a monopoly market is a price maker.
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Which of the following is the least competitive market?
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Mention two features of monopoly.
What is meant by oligopoly?
State two important characteristics of monopoly.
To which market is product differentiation relevant?
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
Goods sold are homogeneous.
To which market is price discrimination relevant?
Which market form has the least number of producers?
What induces new firms to enter an industry?
What is the difference between perfect and imperfect oligopoly?
Name the characteristic which makes monopolistic competition different from perfect competition.
