Advertisements
Advertisements
प्रश्न
Identify the market form of the following:
Goods sold are homogeneous.
Advertisements
उत्तर
The market form in which goods sold are homogeneous is perfect competition.
संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Producers in a monopoly are price makers. Briefly explain.
Give an example of monopsony.
Identify the market form for the following:
Railways in India.
Identify the market form for the following:
Perfectly elastic demand.
Explain the main characteristics of a monopoly.
Discuss any four differences between monopoly and monopolistic competition.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
To which market is price discrimination relevant?
To which market form are homogeneous products relevant?
What induces new firms to enter an industry?
What does perfectly elastic demand curve faced by a competitive firm indicate?
Name the characteristic which makes monopolistic competition different from perfect competition.
Why an individual firm under perfect competition cannot influence the market price?
Why are selling costs incurred?
Which statement correctly describes monopsony?
