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प्रश्न
In monopolistic competition, there are ______.
विकल्प
Few firms selling differentiated products.
Large number of firms selling differentiated products.
Large number of firms selling homogeneous products.
Few firms selling a homogeneous products.
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उत्तर
In monopolistic competition, there are large number of firms selling differentiated products.
Explanation:
The monopolistic competition involves many enterprises, each selling a differentiated product. These products are similar but not identical, allowing businesses to maintain some pricing control while competing in the marketplace.
संबंधित प्रश्न
Non-price competition is ______.
Explain three features of Perfect competitive market.
Following is the feature of perfect competition:
A seller cannot influence the market price under:
Pick the option which does not belong to the group.
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This is a case of:
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Highlight the importance of selling costs in a monopolistically compatible market.
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Explain the main characteristics of a monopoly.
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Ball-pen
What do you mean by homogeneous products?
What induces new firms to enter an industry?
What is the difference between perfect and imperfect oligopoly?
There are a large number of buyers and sellers under a ______ market.
What is a price making firm?
In which type of market are firms interdependent and a few large firms dominate?
Which statement correctly describes monopsony?
