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प्रश्न
'Homogeneous products' is a characteristic of ______.
विकल्प
Perfect competition only
Pure oligopoly only
Both Perfect competition only and Pure oligopoly only
None of the above
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उत्तर
'Homogeneous products' is a characteristic of perfect competition only and pure oligopoly only.
Explanation:
Perfect competition and pure oligopoly both produce homogeneous products. In perfect competition, all businesses sell the same things with no differentiation. Similarly, in a true oligopoly, the few firms in the market provide similar products, with little difference between the items offered by different enterprises.
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Which two forms of market earn normal profit in the long run?
Identify the market having a single buyer and many sellers from the following:
Following is not the feature of perfect competition:
Which among the following is a feature of monopsony 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.
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 |
Which one of the following is NOT found in a perfectly competition market?
Give three points of difference between perfect competition and monopoly.
Give an example of oligopoly.
Give two characteristics of perfect competition.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form for the following:
Railways in India.
State the market form of the following commodity.
Railways
Discuss any four differences between monopoly and monopolistic competition.
Product differentiation is practised in monopolistic competition? Give reasons.
Why can a monopolist charge different prices in different markets?
What is the difference between perfect and imperfect oligopoly?
Identify the market form from the following.
Price discrimination
Mention one feature of a monopoly market.
