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प्रश्न
What is the effect on price when a perfectly competitive firm tries to sell more?
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उत्तर
It will remain constant because firm does not have any control over price, thus it can sell any quantity at a given price.
संबंधित प्रश्न
Explain three features of Perfect competitive market.
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Pick the option which does not belong to the group.
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Mention two features of monopoly.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Give three points of difference between perfect competition and monopoly.
Define monopsony.
Define product differentiation.
State the advantage of monopolistic competition over monopoly.
Why is there no need for selling cost under perfect competition?
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form of the following:
Market for toilet soaps in India.
Explain any four features of perfect competition.
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Lipstick
What do you mean by homogeneous products?
What is meant by barriers to entry?
What is the difference between perfect and imperfect oligopoly?
