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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
Define Discriminating Monopoly.
Selling costs are absent in perfect competition market.
Marginal revenue of a firm is constant throughout under:
In monopolistic competition, there are ______.
Indian Railways is an example of ______.
There is no difference between perfect competition and pure competition.
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Define monopolistic competition.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the following:
Textile industry in India.
Identify the market form for the following:
Perfectly elastic demand.
Identify the market form for the item given below:
Homogeneous goods
Identify the market form for the item given below:
Product differentiation
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Give an example of monopoly.
What do you mean by homogeneous products?
What is the effect on price when a perfectly competitive firm tries to sell more?
What is the effect on price when a monopoly firm tries to sell more?
