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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.
Find the odd word out:
Features of perfect competition:
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
______ is relevant to perfect competition.
In which market form, marginal revenue is equal to price?
______ is essential for a market to be called as perfect competition.
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 feature ensures that buyers are indifferent between different sellers in perfect competition?
Which statement best distinguishes perfect competition from pure competition?
