Advertisements
Advertisements
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
Advertisements
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
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
'Homogeneous products' is a characteristic of ______.
Differentiated products is a characteristic of ______.
Indian Oil Corporation Limited is an example of a/an ______.
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.
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 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.
Give three points of difference between perfect competition and monopoly.
Define monopsony.
Why is there no need for selling cost under perfect competition?
Highlight the importance of selling costs in a monopolistically compatible market.
State the market form of the following commodity.
Automobiles
Give an example of monopoly.
Give an example of price discrimination.
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Soft drinks
What induces new firms to enter an industry?
There is inverse relation between price and demand for the product of a firm under ______.
