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प्रश्न
Marginal revenue of a firm is constant throughout under:
विकल्प
Perfect Competition
Monopolistic Competition
Oligopoly
All the above
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उत्तर
Perfect Competition
Explanation:
A firm's marginal revenue remains constant under perfect competition because it is a price taker. This means that the firm can sell any amount of its product at the current market price, and the additional revenue obtained from selling one more unit (marginal revenue) is constant and equal to the price.
संबंधित प्रश्न
Explain three features of Perfect competitive market.
How is Perfect competitive market is different from a monopoly market?
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
"The price of a product under perfect competition is determined by an individual seller."
The seller in a monopoly market is a price maker.
Which among the following is a feature of monopsony market?
Pick the option which does not belong to the group.
Producers in a monopoly are price makers. Briefly explain.
Define monopsony.
Give an example of monopsony.
What are selling costs?
Identify the market form for the following:
Railways in India.
State the market form of the following commodity.
Automobiles
Identify the market form for the item given below:
Homogeneous goods
Define monopoly.
Give an example of monopoly.
Give an example of price discrimination.
Identify the market form from the following.
Price discrimination
Why an individual firm under perfect competition cannot influence the market price?
Which statement correctly describes monopsony?
