Advertisements
Advertisements
प्रश्न
What is meant by pure competition?
What is the pure competition?
Advertisements
उत्तर
Pure competition is said to exist when three conditions (namely large number of sellers and buyers, homogenous product are free entry and exit of firms) are satisfied.
APPEARS IN
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
Non-price competition is ______.
Differentiated products is a characteristic of ______.
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 |
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Which one of the following is NOT found in a perfectly competition market?
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Producers in a monopoly are price makers. Briefly explain.
Give an example of oligopoly.
State the market form of the following commodity.
Railways
Identify the market form for the item given below:
A single buyer
Which type of market structure is the following? Give reason.
Scooters
Which type of market structure is the following? Give reason.
Mobile phone services
Which type of market structure is the following? Give reason.
Ball-pen
Why can a monopolist charge different prices in different markets?
What is meant by the term ‘price taker’?
What is a price making firm?
