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प्रश्न
In which market form is the firm a price taker?
In which of the following markets, the forms are price-taker?
In which of the market forms, a firms is price-taker?
पर्याय
Money market
Monopoly
Perfect competition
Capital market
Monopolistic competition
None of these
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उत्तर
Perfect competition
Explanation:
In a perfectly competitive market, firms are price-takers because:
- There are many sellers offering identical products.
- No single firm can influence the market price.
- The price is determined by market demand and supply.
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संबंधित प्रश्न
What is meant by Perfect competition?
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Complete the Correlation:
Price taker : ______ :: Price maker :: Monopoly.
Assertion (A): In perfect competition, price is determined by the forces of demand and supply.
Reasoning (R): The number of buyers and sellers is so large that one person can not influences prices.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Find the odd word out:
Features of perfect competition:
State with reason whether you agree or disagree with the following statement:
The seller is a price taker in perfect competition.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
With reference to Perfect competition form of market, choose the odd one out.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
In perfect competition the sellers are selling ______ products.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
______ is relevant to perfect competition.
The following diagram represents the demand curve of a firm under ______.
In which market form, marginal revenue is equal to price?
Homogeneous products are sold under ______.
______ is essential for a market to be called as perfect competition.
A differentiated product has ______.
Firms under ______ are free to enter or leave the industry any time.
Explain the following feature of perfect competition:
Large number of buyers and sellers
Explain the following feature of perfect competition:
Homogeneous products
In a perfectly competitive market, an individual firm is called a price taker because ______.
Which feature ensures that buyers are indifferent between different sellers in perfect competition?
Which combination of conditions defines pure competition?
Which assumption of perfect competition prevents firms from gaining advantage by advertising?
Which statement best distinguishes perfect competition from pure competition?
