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प्रश्न
In perfect competition the sellers are selling ______ products.
विकल्प
Identical
Different
Unique
Inexpensive
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उत्तर
In perfect competition the sellers are selling Identical products.
Explanation:
This homogeneity in products means that no single seller can set prices above the market equilibrium, as buyers can easily switch to another seller without any loss of value or utility.
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संबंधित प्रश्न
Complete the Correlation:
Price taker : ______ :: Price maker :: Monopoly.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
______ is relevant to perfect competition.
The following diagram represents the demand curve of a firm under ______.
Homogeneous products are sold under ______.
Explain the following feature of perfect competition:
Large number of buyers and sellers
In which market form are goods sold at a uniform price?
Which assumption of perfect competition prevents firms from gaining advantage by advertising?
Which statement best distinguishes perfect competition from pure competition?
