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प्रश्न
What is meant by pure competition?
What is the pure competition?
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उत्तर
Pure competition is said to exist when three conditions (namely large number of sellers and buyers, homogenous product are free entry and exit of firms) are satisfied.
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संबंधित प्रश्न
Following is the feature of perfect competition:
Following is not the feature of perfect competition:
'A few big sellers' is a characteristic of ______.
A seller cannot influence the market price under:
Imperfect knowledge is a characteristic feature of:
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Which of the following is the least competitive market?
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Define monopolistic competition.
State the market form of the following commodity.
Shampoos
Product differentiation is practised in monopolistic competition? Give reasons.
With the help of an example explain the meaning of price discrimination.
What do you mean by homogeneous products?
What is meant by the term ‘price taker’?
What is the difference between perfect and imperfect oligopoly?
Name the market which has characteristics both of monopoly and perfect competition.
Elaborate the price discrimination feature of monopoly.
Identify the market form from the following.
Firm is a price maker.
Identify the market form from the following.
Perfect knowledge
What is a price making firm?
