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प्रश्न
Following is the feature of perfect competition:
पर्याय
Product differentiation
Homogeneous product
Barriers to entry
Less elastic
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उत्तर
Homogeneous product
Explanation:
In perfect competition, all firms supply a homogeneous product, which means that the items produced by different enterprises appear identical to consumers. There is no product differentiation, and customers don't favour one company's goods over another.
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Define Discriminating Monopoly.
Following is not the feature of perfect competition:
Differentiated products is a characteristic of ______.
A seller cannot influence the market price under:
In monopolistic competition, there are ______.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
Mention two features of monopoly.
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Identify the market form for the following:
Railways in India.
Identify the market form for the item given below:
A single seller
Identify the market form for the item given below:
Homogeneous goods
Name the market in which there is a single buyer and many sellers. Give an example.
Which type of market structure is the following? Give reason.
Ball-pen
Product differentiation is practised in monopolistic competition? Give reasons.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What is meant by barriers to entry?
What is the difference between perfect and imperfect oligopoly?
In what respects does oligopoly differ from monopoly?
Identify the market form from the following:
A few large sellers
