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प्रश्न
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
पर्याय
Monopolistically competitive market
Perfectly competitive market
Monopoly
Monopsony
Oligopoly
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उत्तर
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is perfectly competitive market.
Explanation:
In a perfectly competitive market, homogeneous products are sold, with neither particular enterprises nor buyers controlling the price. The market's supply and demand structure decides the price, and all enterprises act as price takers.
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संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
What is meant by pure competition?
Give two characteristics of perfect competition.
In which form of market is the seller a price taker? Justify your answer.
Identify the market form for the item given below:
A single buyer
Which type of market structure is the following? Give reason.
Scooters
