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प्रश्न
What is meant by the term 'price taker'?
उत्तर
Price taker means that an individual firm has no option but to sell its product at market determined price.
संबंधित प्रश्न
Non-price competition is ______.
'Homogeneous products' is a characteristic of ______.
In monopolistic competition, there are ______.
There is no difference between perfect competition and pure competition.
"The price of a product under perfect competition is determined by an individual seller."
Pick the option which does not belong to the group.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Which of the following market types has the fewest number of firms?
What is perfect competition?
Give three points of difference between perfect competition and monopoly.
Define monopolistic competition.
What are selling costs?
State the advantage of monopolistic competition over monopoly.
State the market form of the following commodity.
Automobiles
Explain any four features of perfect competition.
Why can a monopolist charge different prices in different markets?
To which market form are homogeneous products relevant?
Mention one feature of a monopoly market.
