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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
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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.
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संबंधित प्रश्न
Indian Railways is an example of ______.
A monopolist is price maker:
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive 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 |
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Give an example of oligopoly.
Give an example of price discrimination.
To which market form are homogeneous products relevant?
Name the market which has characteristics both of monopoly and perfect competition.
In which market form is there a single seller and no close substitutes for the product?
