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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.
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संबंधित प्रश्न
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
In which market form, marginal revenue is equal to price?
Homogeneous products are sold under ______.
A differentiated product has ______.
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
Which statement best distinguishes perfect competition from pure competition?
