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प्रश्न
What induces new firms to enter an industry?
उत्तर
Abnormal profit
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
The seller in a monopoly market is a price maker.
Which among the following is a feature of monopsony market?
Pick the option which does not belong to the group.
Which of the following market types has the fewest number of firms?
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 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
What is perfect competition?
To which market is product differentiation relevant?
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Shampoos
Give an example of monopoly.
Which type of market structure is the following? Give reason.
Ball-pen
What is meant by the term 'price taker'?
What is the effect on price when a perfectly competitive firm tries to sell more?
What is the difference between perfect and imperfect oligopoly?
What is the difference between collusive and non-collusive oligopoly?
Identify the market form from the following.
Firm is a price maker.
Why an individual firm under perfect competition cannot influence the market price?
