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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
Following is not the feature of perfect competition:
A monopolist is price maker:
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Pick the option which does not belong to the group.
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.
Mention two features of monopoly.
Why is there no need for selling cost under perfect competition?
State the market form of the following commodity.
Fighter Aircrafts
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Mobile phone services
Which type of market structure is the following? Give reason.
Soft drinks
Product differentiation is practised in monopolistic competition? Give reasons.
What do you mean by homogeneous products?
What does perfectly elastic demand curve faced by a competitive firm indicate?
Identify the market form from the following.
Perfect knowledge
Identify the market form from the following:
A few large sellers
Name the characteristic which makes monopolistic competition different from perfect competition.
