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प्रश्न
Marginal revenue of a firm is constant throughout under:
पर्याय
Perfect Competition
Monopolistic Competition
Oligopoly
All the above
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उत्तर
Perfect Competition
Explanation:
A firm's marginal revenue remains constant under perfect competition because it is a price taker. This means that the firm can sell any amount of its product at the current market price, and the additional revenue obtained from selling one more unit (marginal revenue) is constant and equal to the price.
संबंधित प्रश्न
Define Discriminating Monopoly.
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
Indian Railways is an example of ______.
Indian Oil Corporation Limited is an example of a/an ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
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): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
What is meant by pure competition?
Give three points of difference between perfect competition and monopoly.
State two important characteristics of monopoly.
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Lipstick
To which market is price discrimination relevant?
What do you mean by homogeneous products?
Name the market which has characteristics both of monopoly and perfect competition.
There is inverse relation between price and demand for the product of a firm under ______.
In which market form is there a single seller and no close substitutes for the product?
