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प्रश्न
What does perfectly elastic demand curve faced by a competitive firm indicate?
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उत्तर
A perfectly elastic demand curve faced by a competitive firm indicates that a price is given to the firm, and the firm has no control over the given price.
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
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The image above shows a departmental store of a market structure.
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- Type of product
- Entry and exit of firms
- Selling cost
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Read the following statements carefully and choose the correct alternative:
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Reason (R): Firm is a price maker under perfect competition.
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A single buyer
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Identify the market form from the following.
Firm is a price maker.
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Why are selling costs incurred?
