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प्रश्न
Define product differentiation.
Define the following concept.
Product Differentiation
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उत्तर १
Product differentiation refers to differentiating the products on the basis of brand, size, color, shape, etc.
उत्तर २
According to Chamberlin, “A General class of product is differentiated if any sufficient basis exists for distinguishing the goods of one dealer from those of another. Such a basis may be real so long as it is of importance whatsoever to buyers and leads to a preference for any variety of the product over another”.
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Define Discriminating Monopoly.
Following is not the feature of perfect competition:
Differentiated products is a characteristic of ______.
'A few big sellers' is a characteristic of ______.
A monopolist is price maker:
There is no difference between perfect competition and pure competition.
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:
Which of the following is the least competitive market?
What is meant by pure competition?
State the market form of the following commodity.
Automobiles
Identify the market form for the item given below:
A single buyer
Name the market in which there is a single buyer and many sellers.
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Scooters
What is the effect on price when a perfectly competitive firm tries to sell more?
Identify the market form from the following.
Price discrimination
There is inverse relation between price and demand for the product of a firm under ______.
Why do producers incur high selling costs in an imperfect market?
Why an individual firm under perfect competition cannot influence the market price?
