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Question
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Options
c and d
a, b and c
a, c and d
only c
Solution
only c
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RELATED QUESTIONS
What is perfect competition? Explain the concept and its features.
Complete the Correlation:
Price taker : ______ :: Price maker :: Monopoly.
Assertion (A): In perfect competition, price is determined by the forces of demand and supply.
Reasoning (R): The number of buyers and sellers is so large that one person can not influences prices.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Find the odd word out:
Features of perfect competition:
State with reason whether you agree or disagree with the following statement:
The seller is a price taker in perfect competition.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
______ is relevant to perfect competition.
The following diagram represents the demand curve of a firm under ______.
In which market form, marginal revenue is equal to price?
Homogeneous products are sold under ______.
______ is essential for a market to be called as perfect competition.
A differentiated product has ______.
______ goods refer to those products which are identical in quality, shape, size, color, etc.
Firms under ______ are free to enter or leave the industry any time.
Explain the following feature of perfect competition:
Large number of buyers and sellers
Explain the following feature of perfect competition:
Homogeneous products
In which market form are goods sold at a uniform price?
