Advertisements
Advertisements
प्रश्न
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
विकल्प
No restriction on entry and exit
Imperfect knowledge
Homogeneous goods
Presence of selling costs
Advertisements
उत्तर
No restriction on entry and exit
Explanation:
Firms can enter and quit both perfectly competitive and monopolistically competitive markets without constraint. This means that new firms can freely enter the market and established firms can quit without significant challenges, ensuring that both types of marketplaces remain competitive.
APPEARS IN
संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?

“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 : ______
Which one of the following is NOT found in a perfectly competition market?
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:
Give an example of monopsony.
State the market form of the following commodity.
Railways
Explain any four features of perfect competition.
What is the effect on price when a monopoly firm tries to sell more?
Mention one feature of a monopoly market.
