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प्रश्न
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
पर्याय
No restriction on entry and exit
Imperfect knowledge
Homogeneous goods
Presence of selling costs
उत्तर
No restriction on entry and exit
Explanation:
Firms can enter and quit both perfectly competitive and monopolistically competitive markets without constraint. This means that new firms can freely enter the market and established firms can quit without significant challenges, ensuring that both types of marketplaces remain competitive.
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संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
'A few big sellers' is a characteristic of ______.
Indian Railways is an example of ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Give three points of difference between perfect competition and monopoly.
What is meant by product differentiation?
In which form of market do producers and consumers have perfect knowledge about the market conditions?
What is meant by the term 'price taker'?
What is meant by barriers to entry?
Why are selling costs incurred?
