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प्रश्न
With reference to Perfect competition form of market, choose the odd one out.
विकल्प
Restricted entry
Perfect knowledge
Homogeneous products
Perfect mobility
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उत्तर
Restricted entry
Explanation: Perfect competition form of market is characterised by:
- Large number of buyers and sellers.
- Homogenous products.
- Free entry and exit.
- Perfect mobility of resources.
- Perfect knowledge.
- Absence of transport costs.
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संबंधित प्रश्न
What is meant by Perfect competition?
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
State with reason whether you agree or disagree with the following statement:
The seller is a price taker in perfect competition.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
______ is relevant to perfect competition.
Homogeneous products are sold under ______.
A differentiated product has ______.
In which market form is the firm a price taker?
Explain the following feature of perfect competition:
Homogeneous products
In a perfectly competitive market, an individual firm is called a price taker because ______.
