Advertisements
Advertisements
प्रश्न
Why an individual firm under perfect competition cannot influence the market price?
Advertisements
उत्तर
A firm under perfect competition cannot influence the price as its share in the total market supply is negligible.
APPEARS IN
संबंधित प्रश्न
Define Discriminating Monopoly.
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
The seller in a monopoly market is a price maker.
Imperfect knowledge is a characteristic feature of:
Which of the following is the least competitive market?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Highlight the importance of selling costs in a monopolistically compatible market.
State the market form of the following commodity.
Fighter Aircrafts
Name the market in which there is a single buyer and many sellers. Give an example.
What do you mean by homogeneous products?
