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प्रश्न
Explain the following term/concept in detail.
Imperfect Market
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उत्तर
An imperfect Market refers to a market situation that is characterised by market imperfection such as a single seller, maladjustment in demand and supply, imperfect knowledge on the part of buyers or sellers, etc.
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संबंधित प्रश्न
The retail market is the market where the retailer sells goods directly to the ______ in small quantities.
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.
Regulated Market operates according to forces of demand and supply.
______ refers to a market situation when there is a single buyer of a commodity or service.
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Arrange in proper order:
Local market, International market, National market.
Explain types of the market on the basis of time.
Give classification of the market on the basis of ‘time’.
Explain different types of markets in detail.
______ market is for commodities that are produced in one country and sold in another country.
Explain the following term/concept in detail.
Oligopoly
Justify the following statement.
The market can be classified on the basis of volume.
Unregulated market operates according to forces of demand and supply.
Market can be classified on the basis of importance and area covered.
Explain the following term/concept in detail:
Duopoly
