Advertisements
Advertisements
प्रश्न
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 |
विकल्प
Monopoly
Monopolistically competitive market
Perfect competition market
Monopsony
Advertisements
उत्तर
Perfect competition market
Explanation:
In a perfect competition market, the price is constant regardless of the amount of output sold. The table shows that seller A offers a price of ₹10, which remains constant even when the amount sold increases from 30 to 50 units. This conduct is typical of perfect competition, in which firms are price takers and cannot affect market prices.
APPEARS IN
संबंधित प्रश्न

The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Define monopsony.
Define product differentiation.
To which market is product differentiation relevant?
Identify the market form for the following:
Textile industry in India.
Identify the market form for the following:
Telecom industry in India.
Which type of market structure is the following? Give reason.
Soft drinks
To which market form are homogeneous products relevant?
There are a large number of buyers and sellers under a ______ market.
Why are selling costs incurred?
