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प्रश्न
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
पर्याय
Only monopolistically competitive markets have high selling costs.
Only monopolistically competitive markets have high selling costs and monopolistically competitive markets sell homogeneous goods.
Only monopolistically competitive markets have high selling costs and any firm can start a business in a monopolistically competitive market.
All of these
उत्तर
Only monopolistically competitive markets have high selling costs and any firm can start a business in a monopolistically competitive market.
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संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
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'Homogeneous products' is a characteristic of ______.
There is no difference between perfect competition and pure competition.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Give two characteristics of perfect competition.
Explain the main characteristics of a monopoly.
Mention one feature of a monopoly market.
What is a price making firm?
