Question

Identify the market form for seller A on the basis of the following information:

Units of output sold	Price offered by seller A in ₹
30	10
40	10
50	10

पर्याय

• Monopoly

• Monopolistically competitive market

• Perfect competition market

• Monopsony

Answer 1

Perfect competition market

Explanation:

In a perfect competition market, the price is constant regardless of the amount of output sold. The table shows that seller A offers a price of ₹10, which remains constant even when the amount sold increases from 30 to 50 units. This conduct is typical of perfect competition, in which firms are price takers and cannot affect market prices.