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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
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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.
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
How is Perfect competitive market is different from a monopoly market?
'Homogeneous products' is a characteristic of ______.
Indian Railways is an example of ______.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the following:
Perfectly elastic demand.
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Which type of market structure is the following? Give reason.
Trucks
Mention one feature of a monopoly market.
