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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.
संबंधित प्रश्न
Non-price competition is ______.
Differentiated products is a characteristic of ______.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which among the following is a feature of monopsony market?
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Define perfect competition.
Producers in a monopoly are price makers. Briefly explain.
Define monopolistic competition.
To which market is product differentiation relevant?
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the following:
Textile industry in India.
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Lipstick
To which market is price discrimination relevant?
What do you mean by homogeneous products?
Identify the market form from the following.
Firm is a price maker.
There are a large number of buyers and sellers under a ______ market.
Why do producers incur high selling costs in an imperfect market?
Which of the following is an example of a perfectly competitive market?
