Advertisements
Advertisements
Question
Selling costs are absent in perfect competition market.
Options
True
False
MCQ
True or False
Solution
This statement is True.
shaalaa.com
Forms of Market Structure
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Differentiated products is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
A monopolist is price maker:
There are no substitute goods in a monopoly market. Give a reason to support your answer.
State the market form of the following commodity.
Railways
What is meant by the term 'price taker'?
In what respects does oligopoly differ from monopoly?
Elaborate the price discrimination feature of monopoly.
Why an individual firm under perfect competition cannot influence the market price?
