Advertisements
Advertisements
प्रश्न
Why is there no need for selling cost under perfect competition?
Name a market where selling cost is not required. Give a reason for your answer.
Why are selling costs not incurred in perfect competition?
Advertisements
उत्तर
Selling costs are not incurred in perfect competition as there exists perfect knowledge among the buyers and sellers of homogeneous products.
APPEARS IN
संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.

“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
The seller in a monopoly market is a price maker.
Which one of the following is NOT found in a perfectly competition market?
Define perfect competition.
Give an example of monopsony.
Give two characteristics of perfect competition.
To which market is product differentiation relevant?
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the following:
Perfectly elastic demand.
State the market form of the following commodity.
Fighter Aircrafts
Give an example of monopoly.
Which type of market structure is the following? Give reason.
Soft drinks
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
Why can a monopolist charge different prices in different markets?
What is the effect on price when a monopoly firm tries to sell more?
There are a large number of buyers and sellers under a ______ market.
