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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.
संबंधित प्रश्न
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
In which market form, marginal revenue is equal to price?
______ is essential for a market to be called as perfect competition.
A differentiated product has ______.
In a perfectly competitive market, an individual firm is called a price taker because ______.
Which assumption of perfect competition prevents firms from gaining advantage by advertising?
Which statement best distinguishes perfect competition from pure competition?
