Advertisements
Advertisements
प्रश्न
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
Advertisements
उत्तर
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.
APPEARS IN
संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
Following is the feature of perfect competition:
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
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:
State two important characteristics of monopoly.
What are selling costs?
Identify the market form for the item given below:
Product differentiation
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Scooters
What is the difference between perfect and imperfect oligopoly?
