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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
Differentiated products is a characteristic of ______.
A seller cannot influence the market price under:
In monopolistic competition, there are ______.
Indian Oil Corporation Limited is an example of a/an ______.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Pick the option which does not belong to the group.
Which of the following is the least competitive market?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Define perfect competition.
Mention two features of monopoly.
What are selling costs?
Identify the market form of the following:
Market for toilet soaps in India.
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Automobiles
Identify the market form for the item given below:
A single buyer
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Soft drinks
There is inverse relation between price and demand for the product of a firm under ______.
Mention one feature of a monopoly market.
