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प्रश्न
______ is essential for a market to be called as perfect competition.
पर्याय
Large number of buyers and sellers
Restricted entry and exit
No substitutes
Differentiated goods
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उत्तर
Large number of buyers and sellers is essential for a market to be called as perfect competition.
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संबंधित प्रश्न
Complete the Correlation:
Price taker : ______ :: Price maker :: Monopoly.
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
______ is relevant to perfect competition.
The following diagram represents the demand curve of a firm under ______.
______ goods refer to those products which are identical in quality, shape, size, color, etc.
Explain the following feature of perfect competition:
Large number of buyers and sellers
In a perfectly competitive market, an individual firm is called a price taker because ______.
Which feature ensures that buyers are indifferent between different sellers in perfect competition?
