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प्रश्न
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
विकल्प
Both Assertion (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 true but Reason (R) is false.
APPEARS IN
संबंधित प्रश्न
Indian Oil Corporation Limited is an example of a/an ______.
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Identify the market form for the following:
Perfectly elastic demand.
Name the market in which there is a single buyer and many sellers.
Define monopoly.
Which type of market structure is the following? Give reason.
Jeans
Elaborate the price discrimination feature of monopoly.
There are a large number of buyers and sellers under a ______ market.
What is a price making firm?
