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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
Discuss any two features of a monopolistically competitive market.
Explain three features of Perfect competitive market.
How is Perfect competitive market is different from a monopoly market?
Indian Railways is an example of ______.
Which of the following market types has the fewest number of firms?
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.
Define perfect competition.
Define monopolistic competition.
To which market is product differentiation relevant?
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form for the following:
Perfectly elastic demand.
Which type of market structure is the following? Give reason.
Ball-pen
Product differentiation is practised in monopolistic competition? Give reasons.
Give two examples of a monopolistically competitive market.
To which market form are homogeneous products relevant?
What is meant by barriers to entry?
What is the effect on price when a perfectly competitive firm tries to sell more?
Identify the market form from the following.
Price discrimination
There are a large number of buyers and sellers under a ______ market.
