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प्रश्न
In monopolistic competition, there are ______.
पर्याय
Few firms selling differentiated products.
Large number of firms selling differentiated products.
Large number of firms selling homogeneous products.
Few firms selling a homogeneous products.
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उत्तर
In monopolistic competition, there are large number of firms selling differentiated products.
Explanation:
The monopolistic competition involves many enterprises, each selling a differentiated product. These products are similar but not identical, allowing businesses to maintain some pricing control while competing in the marketplace.
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
How is Perfect competitive market is different from a monopoly market?
Following is the feature of perfect competition:
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
Pick the option which does not belong to the group.
Which of the following market types has the fewest number of firms?
Define oligopoly.
Give an example of oligopoly.
Give an example of monopsony.
Give two characteristics of perfect competition.
Define product differentiation.
Why is there no need for selling cost under perfect competition?
State the market form of the following commodity.
Shampoos
Give an example of monopoly.
Which type of market structure is the following? Give reason.
Soft drinks
Which market form has the least number of producers?
What is the effect on price when a perfectly competitive firm tries to sell more?
Identify the market form from the following.
Firm is a price maker.
Identify the market form from the following.
Perfect knowledge
Why an individual firm under perfect competition cannot influence the market price?
