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प्रश्न
Why is there no need for selling cost under perfect competition?
Name a market where selling cost is not required. Give a reason for your answer.
Why are selling costs not incurred in perfect competition?
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उत्तर
Selling costs are not incurred in perfect competition as there exists perfect knowledge among the buyers and sellers of homogeneous products.
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संबंधित प्रश्न
Selling costs are absent in perfect competition market.
Marginal revenue of a firm is constant throughout under:
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Pick the option which does not belong to the group.
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. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Mention two features of monopoly.
Define monopsony.
What are selling costs?
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form for the following:
Textile industry in India.
Identify the market form for the item given below:
Product differentiation
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Soft drinks
To which market form are homogeneous products relevant?
What induces new firms to enter an industry?
Identify the market form from the following.
Price discrimination
Why an individual firm under perfect competition cannot influence the market price?
