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प्रश्न
Why do producers incur high selling costs in an imperfect market?
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उत्तर
Because of the presence of rivalry in an imperfect market, producers incur high selling costs; they wish to get an advantage over the others by incurring selling charges or sales promotion expenses.
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संबंधित प्रश्न
“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
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
State the market form of the following commodity.
Shampoos
In which form of market do producers and consumers have perfect knowledge about the market conditions?
To which market form are homogeneous products relevant?
Which market form has the least number of producers?
Identify the market form from the following.
Price discrimination
What is a price making firm?
Why an individual firm under perfect competition cannot influence the market price?
