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प्रश्न
To which market is product differentiation relevant?
To which market form is product differentiation relevant?
उत्तर
Product differentiation is a key feature of monopolistic competition.
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Differentiated products is a characteristic of ______.
'A few big sellers' is a characteristic of ______.
A monopolist is price maker:
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Which of the following market types has the fewest number of firms?
Which one of the following is NOT found in a perfectly competition market?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
What is meant by pure competition?
Why is there no need for selling cost under perfect competition?
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the item given below:
Homogeneous goods
Product differentiation is practised in monopolistic competition? Give reasons.
Why can a monopolist charge different prices in different markets?
What is meant by barriers to entry?
What is a price making firm?
