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प्रश्न
A seller cannot influence the market price under:
विकल्प
Perfect competition
Monopoly
Monopolistic competition
All the above
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उत्तर
Perfect competition
Explanation:
Under perfect competition, a seller cannot affect market price because there are many buyers and sellers, and each firm is a price taker. The market price is decided by the entire supply and demand in the market, and individual businesses must accept it for their goods.
संबंधित प्रश्न
Selling costs are absent in perfect competition 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.
Which one of the following is NOT found in a perfectly competition market?
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Define monopolistic competition.
Define monopsony.
State the market form of the following commodity.
Railways
Define monopoly.
Give an example of monopoly.
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Trucks
Product differentiation is practised in monopolistic competition? Give reasons.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
In what respects does oligopoly differ from monopoly?
Identify the market form from the following:
A few large sellers
Mention one feature of a monopoly market.
Name the characteristic which makes monopolistic competition different from perfect competition.
In which type of market are firms interdependent and a few large firms dominate?
