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प्रश्न
______ is relevant to perfect competition.
विकल्प
Perfectly inelastic demand
Perfectly elastic demand
Downward sloping demand curve
Highly elastic demand curve
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उत्तर
Perfectly elastic demand is relevant to perfect competition.
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संबंधित प्रश्न
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
State with reason whether you agree or disagree with the following statement:
The seller is a price taker in perfect competition.
A differentiated product has ______.
In which market form is the firm a price taker?
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
Which assumption of perfect competition prevents firms from gaining advantage by advertising?
