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प्रश्न
______ is essential for a market to be called as perfect competition.
विकल्प
Large number of buyers and sellers
Restricted entry and exit
No substitutes
Differentiated goods
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उत्तर
Large number of buyers and sellers is essential for a market to be called as perfect competition.
APPEARS IN
संबंधित प्रश्न
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
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous products are sold under ______.
In which market form is the firm a price taker?
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?
In a perfectly competitive market, an individual firm is called a price taker because ______.
