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प्रश्न
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
विकल्प
Both Asse1iion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
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उत्तर
Assertion (A) is false but Reason (R) is true.
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संबंधित प्रश्न
A monopolist is price maker:
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Automobiles
Identify the market form for the item given below:
Product differentiation
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What is meant by the term ‘price taker’?
Name the market which has characteristics both of monopoly and perfect competition.
There are a large number of buyers and sellers under a ______ market.
