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प्रश्न
A seller cannot influence the market price under:
पर्याय
Perfect competition
Monopoly
Monopolistic competition
All the above
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उत्तर
Perfect competition
Explanation:
Under perfect competition, a seller cannot affect market price because there are many buyers and sellers, and each firm is a price taker. The market price is decided by the entire supply and demand in the market, and individual businesses must accept it for their goods.
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’.
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 |
The seller in a monopoly market is a price maker.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Give three points of difference between perfect competition and monopoly.
State two important characteristics of monopoly.
To which market is product differentiation relevant?
State the advantage of monopolistic competition over monopoly.
Why is there no need for selling cost under perfect competition?
State the market form of the following commodity.
Fighter Aircrafts
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Mobile phone services
Identify the market form from the following.
Firm is a price maker.
Identify the market form from the following.
Perfect knowledge
In which type of market are firms interdependent and a few large firms dominate?
Which statement correctly describes monopsony?
