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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.
Selling costs are absent in perfect competition market.
Following is not the feature of perfect competition:
A monopolist is price maker:
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 |
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Which of the following is the least 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 |
Define monopolistic competition.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form for the item given below:
Product differentiation
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Which type of market structure is the following? Give reason.
Trucks
Product differentiation is practised in monopolistic competition? Give reasons.
Give two examples of a monopolistically competitive market.
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:
A few large sellers
