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प्रश्न
Following is not the feature of perfect competition:
विकल्प
Very large number of buyers and sellers
Homogeneous product
Free entry or exit of firms
Selling costs
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उत्तर
Selling costs
Explanation:
Under perfect competition, there are no selling costs since the items are homogeneous and the same across enterprises. Firms do not need to differentiate or sell their products because they are all the same, and consumers are well-informed.
संबंधित प्रश्न
How is Perfect competitive market is different from a monopoly market?
'A few big sellers' is a characteristic of ______.
A seller cannot influence the market price under:
Indian Railways is an example of ______.
A monopolist is price maker:
There is no difference between perfect competition and pure competition.
"The price of a product under perfect competition is determined by an individual seller."
The seller in a monopoly market is a price maker.
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Give three points of difference between perfect competition and monopoly.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form for the item given below:
Homogeneous goods
Identify the market form for the item given below:
Product differentiation
Explain any four features of perfect competition.
Discuss any four differences between monopoly and monopolistic competition.
What is the effect on price when a monopoly firm tries to sell more?
What is the difference between perfect and imperfect oligopoly?
Identify the market form from the following.
Perfect knowledge
Identify the market form from the following:
A few large sellers
