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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
Following is not the feature of perfect competition:
Differentiated products is a characteristic of ______.
'A few big sellers' is a characteristic of ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
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. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
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.
Define product differentiation.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
Motor car market in India.
State the market form of the following commodity.
Railways
Give an example of monopoly.
Explain the main characteristics of a monopoly.
With the help of an example explain the meaning of price discrimination.
What is meant by barriers to entry?
Elaborate the price discrimination feature of monopoly.
Why do producers incur high selling costs in an imperfect market?
Which of the following is an example of a perfectly competitive market?
