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प्रश्न
______ is relevant to perfect competition.
पर्याय
Perfectly inelastic demand
Perfectly elastic demand
Downward sloping demand curve
Highly elastic demand curve
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उत्तर
Perfectly elastic demand is relevant to perfect competition.
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संबंधित प्रश्न
What is meant by Perfect competition?
Assertion (A): In perfect competition, price is determined by the forces of demand and supply.
Reasoning (R): The number of buyers and sellers is so large that one person can not influences prices.
With reference to Perfect competition form of market, choose the odd one out.
In perfect competition the sellers are selling ______ products.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
______ is essential for a market to be called as perfect competition.
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 combination of conditions defines pure competition?
Which assumption of perfect competition prevents firms from gaining advantage by advertising?
