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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
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous products are sold under ______.
______ goods refer to those products which are identical in quality, shape, size, color, etc.
Explain the following feature of perfect competition:
Large number of buyers and sellers
Which feature ensures that buyers are indifferent between different sellers in perfect competition?
Which combination of conditions defines pure competition?
Which statement best distinguishes perfect competition from pure competition?
