Advertisements
Advertisements
प्रश्न
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
पर्याय
No restriction on entry and exit
Imperfect knowledge
Homogeneous goods
Presence of selling costs
Advertisements
उत्तर
No restriction on entry and exit
Explanation:
Firms can enter and quit both perfectly competitive and monopolistically competitive markets without constraint. This means that new firms can freely enter the market and established firms can quit without significant challenges, ensuring that both types of marketplaces remain competitive.
APPEARS IN
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Indian Railways is an example of ______.
Which among the following is a feature of monopsony market?
Imperfect knowledge is a characteristic feature of:
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 |
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 |
What is meant by pure competition?
To which market is product differentiation relevant?
What are selling costs?
In which form of market do producers and consumers have perfect knowledge about the market conditions?
