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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 ______.
Differentiated products is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
A monopolist is price maker:
Indian Oil Corporation Limited is an example of a/an ______.
There is no difference between perfect competition and pure competition.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which among the following is a feature of monopsony market?
Pick the option which does not belong to the group.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Give two characteristics of perfect competition.
In which form of market is the seller a price taker? Justify your answer.
Give an example of monopoly.
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Lipstick
There are a large number of buyers and sellers under a ______ market.
Why are selling costs incurred?
