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प्रश्न
Following is not the feature of perfect competition:
पर्याय
Very large number of buyers and sellers
Homogeneous product
Free entry or exit of firms
Selling costs
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उत्तर
Selling costs
Explanation:
Under perfect competition, there are no selling costs since the items are homogeneous and the same across enterprises. Firms do not need to differentiate or sell their products because they are all the same, and consumers are well-informed.
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
Non-price competition is ______.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
'A few big sellers' is a characteristic of ______.
In monopolistic competition, there are ______.
Which of the following market types has the fewest number of firms?
Which one of the following is NOT found in a perfectly competition market?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Give an example of monopsony.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the following:
Telecom industry in India.
Identify the market form for the item given below:
A single seller
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Soft drinks
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
To which market is price discrimination relevant?
There are a large number of buyers and sellers under a ______ market.
In which market form is there a single seller and no close substitutes for the product?
Which statement correctly describes monopsony?
