Advertisements
Advertisements
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
Advertisements
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
Identify the market having a single buyer and many sellers from the following:
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
How is Perfect competitive market is different from a monopoly market?
In monopolistic competition, there are ______.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Which of the following is the least competitive market?
What are selling costs?
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form of the following:
Motor car market in India.
State the market form of the following commodity.
Automobiles
State the market form of the following commodity.
Shampoos
Explain the main characteristics of a monopoly.
Which market form has the least number of producers?
Name the market which has characteristics both of monopoly and perfect competition.
Identify the market form from the following:
A few large sellers
There is inverse relation between price and demand for the product of a firm under ______.
Mention one feature of a monopoly market.
Why an individual firm under perfect competition cannot influence the market price?
Which of the following is an example of a perfectly competitive market?
Which feature best distinguishes monopolistic competition from perfect competition?
