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प्रश्न
Differentiated products is a characteristic of ______.
विकल्प
Monopolistic competition only
Imperfect oligopoly only
Both monopolistic competition and imperfect oligopoly only
Monopoly
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उत्तर
Differentiated products is a characteristic of monopolistic competition and imperfect oligopoly only.
Explanation:
Differentiated products are seen in both monopolistic competition and imperfect oligopoly. Monopolistic competition occurs when firms sell similar but not identical items, allowing for product differentiation. In an imperfect oligopoly, firms distinguish their products in order to compete with one another, whereas, in a pure oligopoly, products are uniform.
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
Selling costs are absent in perfect competition market.
There is no difference between perfect competition and pure competition.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Which of the following market types has the fewest number of firms?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Define product differentiation.
Identify the market form of the following:
Market for toilet soaps in India.
State the market form of the following commodity.
Railways
Identify the market form for the item given below:
Product differentiation
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Product differentiation is practised in monopolistic competition? Give reasons.
What do you mean by homogeneous products?
Which market form has the least number of producers?
What is the difference between perfect and imperfect oligopoly?
Identify the market form from the following.
Perfect knowledge
Why an individual firm under perfect competition cannot influence the market price?
Which statement correctly describes monopsony?
