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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.
संबंधित प्रश्न
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
Define monopolistic competition.
Define oligopoly.
State two important characteristics of monopoly.
Identify the market form of the following:
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Identify the market form for the item given below:
A single buyer
Explain the main characteristics of a monopoly.
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Soft drinks
Give two examples of a monopolistically competitive market.
Why can a monopolist charge different prices in different markets?
Name the market which has characteristics both of monopoly and perfect competition.
What does perfectly elastic demand curve faced by a competitive firm indicate?
Identify the market form from the following.
Price discrimination
There is inverse relation between price and demand for the product of a firm under ______.
