Advertisements
Advertisements
प्रश्न
A seller cannot influence the market price under:
विकल्प
Perfect competition
Monopoly
Monopolistic competition
All the above
Advertisements
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
Discuss any two features of a monopolistically competitive market.
How is Perfect competitive market is different from a monopoly market?
Selling costs are absent in perfect competition market.
Following is the feature of perfect competition:
A monopolist is price maker:
"The price of a product under perfect competition is determined by an individual seller."
Pick the option which does not belong to the group.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Identify the market form for the following:
Telecom industry in India.
Give an example of monopoly.
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Soft drinks
With the help of an example explain the meaning of price discrimination.
To which market form are homogeneous products relevant?
What is meant by barriers to entry?
Identify the market form from the following.
Perfect knowledge
Which feature best distinguishes monopolistic competition from perfect competition?
