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प्रश्न
A differentiated product has ______.
विकल्प
Many perfect substitutes
No close substitutes
Close but not perfect substitute
No substitute of any kind
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उत्तर
A differentiated product has close but not perfect substitute.
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संबंधित प्रश्न
What is meant by Perfect competition?
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
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 products are sold under ______.
In which market form is the firm a price taker?
Which combination of conditions defines pure competition?
