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प्रश्न
Which one of the following is NOT found in a perfectly competition market?
पर्याय
Perfectly knowledge about the prevailing prices.
A large number of buyers and sellers.
Free entry into or exit from the industry.
Advertising by individual firms.
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उत्तर
Advertising by individual firms.
Explanation:
In an entirely competitive marketplace, firms do not advertise since their products are homogeneous and there is no need to separate one from the other. Also, consumers are well aware of the products and costs; thus, advertising would be useless and ineffective.
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संबंधित प्रश्न
Explain three features of Perfect competitive market.
Following is not the feature of perfect competition:
Indian Railways is an example of ______.
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 : ______
To which market is product differentiation relevant?
Identify the market form for the following:
Railways in India.
Define monopoly.
What is the difference between perfect and imperfect oligopoly?
Identify the market form from the following:
A few large sellers
Why are selling costs incurred?
