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प्रश्न
Define product differentiation.
Define the following concept.
Product Differentiation
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उत्तर १
Product differentiation refers to differentiating the products on the basis of brand, size, color, shape, etc.
उत्तर २
According to Chamberlin, “A General class of product is differentiated if any sufficient basis exists for distinguishing the goods of one dealer from those of another. Such a basis may be real so long as it is of importance whatsoever to buyers and leads to a preference for any variety of the product over another”.
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
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.
Following is not the feature of perfect competition:
'Homogeneous products' is a characteristic of ______.
There is no difference between perfect competition and pure competition.
Which among the following is a feature of monopsony market?
Imperfect knowledge is a characteristic feature of:
State two important characteristics of monopoly.
State the market form of the following commodity.
Automobiles
State the market form of the following commodity.
Shampoos
Identify the market form for the item given below:
Product differentiation
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Trucks
Which type of market structure is the following? Give reason.
Mobile phone services
With the help of an example explain the meaning of price discrimination.
Give two examples of a monopolistically competitive market.
What is meant by barriers to entry?
What is the difference between perfect and imperfect oligopoly?
Which feature best distinguishes monopolistic competition from perfect competition?
