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प्रश्न
With reference to Perfect competition form of market, choose the odd one out.
पर्याय
Restricted entry
Perfect knowledge
Homogeneous products
Perfect mobility
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उत्तर
Restricted entry
Explanation: Perfect competition form of market is characterised by:
- Large number of buyers and sellers.
- Homogenous products.
- Free entry and exit.
- Perfect mobility of resources.
- Perfect knowledge.
- Absence of transport costs.
संबंधित प्रश्न
What is meant by Perfect competition?
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
State with reason whether you agree or disagree with the following statement:
The seller is a price taker in perfect competition.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
In perfect competition the sellers are selling ______ products.
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
Firms under ______ are free to enter or leave the industry any time.
Which feature ensures that buyers are indifferent between different sellers in perfect competition?
Which statement best distinguishes perfect competition from pure competition?
