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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
Which two forms of market earn normal profit in the long run?
Selling costs are absent in perfect competition market.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
In monopolistic competition, there are ______.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
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 |
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
What are selling costs?
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the item given below:
Homogeneous goods
Identify the market form for the item given below:
A single buyer
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Which type of market structure is the following? Give reason.
Trucks
Product differentiation is practised in monopolistic competition? Give reasons.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
Give two examples of a monopolistically competitive market.
Which market form has the least number of producers?
Name the market which has characteristics both of monopoly and perfect competition.
In what respects does oligopoly differ from monopoly?
Elaborate the price discrimination feature of monopoly.
