Advertisements
Advertisements
प्रश्न
With reference to Perfect competition form of market, choose the odd one out.
विकल्प
Restricted entry
Perfect knowledge
Homogeneous products
Perfect mobility
Advertisements
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
What is meant by Perfect competition?
Find the odd word out:
Features of perfect competition:
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.
In which market form is the firm a price taker?
Firms under ______ are free to enter or leave the industry any time.
Explain the following feature of perfect competition:
Homogeneous products
In a perfectly competitive market, an individual firm is called a price taker because ______.
