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प्रश्न
'Homogeneous products' is a characteristic of ______.
पर्याय
Perfect competition only
Pure oligopoly only
Both Perfect competition only and Pure oligopoly only
None of the above
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उत्तर
'Homogeneous products' is a characteristic of perfect competition only and pure oligopoly only.
Explanation:
Perfect competition and pure oligopoly both produce homogeneous products. In perfect competition, all businesses sell the same things with no differentiation. Similarly, in a true oligopoly, the few firms in the market provide similar products, with little difference between the items offered by different enterprises.
संबंधित प्रश्न
Explain three features of Perfect competitive market.
Selling costs are absent in perfect competition market.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Pick the option which does not belong to the group.
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.
State two important characteristics of monopoly.
Why is there no need for selling cost under perfect competition?
Identify the market form for the following:
Textile industry in India.
Give an example of monopoly.
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Jeans
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
To which market form are homogeneous products relevant?
What is meant by the term ‘price taker’?
What is meant by barriers to entry?
What is the effect on price when a perfectly competitive firm tries to sell more?
Name the market which has characteristics both of monopoly and perfect competition.
Identify the market form from the following:
A few large sellers
