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प्रश्न
Which one of the following is NOT found in a perfectly competition market?
विकल्प
Perfectly knowledge about the prevailing prices.
A large number of buyers and sellers.
Free entry into or exit from the industry.
Advertising by individual firms.
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उत्तर
Advertising by individual firms.
Explanation:
In an entirely competitive marketplace, firms do not advertise since their products are homogeneous and there is no need to separate one from the other. Also, consumers are well aware of the products and costs; thus, advertising would be useless and ineffective.
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संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Mention two features of monopoly.
To which market is product differentiation relevant?
Highlight the importance of selling costs in a monopolistically compatible market.
State the market form of the following commodity.
Shampoos
State the market form of the following commodity.
Fighter Aircrafts
To which market is price discrimination relevant?
Identify the market form from the following.
Perfect knowledge
Name the characteristic which makes monopolistic competition different from perfect competition.
