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प्रश्न
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
विकल्प
Monopolistically competitive market
Perfectly competitive market
Monopoly
Monopsony
Oligopoly
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उत्तर
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is perfectly competitive market.
Explanation:
In a perfectly competitive market, homogeneous products are sold, with neither particular enterprises nor buyers controlling the price. The market's supply and demand structure decides the price, and all enterprises act as price takers.
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संबंधित प्रश्न
Explain three features of Perfect competitive market.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
In monopolistic competition, there are ______.
"The price of a product under perfect competition is determined by an individual seller."
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Which one of the following is NOT found in a perfectly competition market?
Identify the market form for the item given below:
Product differentiation
Which type of market structure is the following? Give reason.
Trucks
To which market is price discrimination relevant?
What do you mean by homogeneous products?
