English

Identify the market form for the item given below: Homogeneous goods

Advertisements
Advertisements

Question

Identify the market form for the item given below:

Homogeneous goods

One Line Answer
Advertisements

Solution

The market form for homogeneous goods is typically perfect competition.

shaalaa.com
  Is there an error in this question or solution?
Chapter 5: Meaning and Types of Markets - Exercise [Page 138]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 5 Meaning and Types of Markets
Exercise | Q 22. (ii) | Page 138
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 5 Nature and Structure of Markets
QUESTIONS | Q 23. (ii) | Page 152

RELATED QUESTIONS

Non-price competition is ______.


The image above shows a departmental store of a market structure.

  1. Identify the form of market as observed from the above image.
  2. Discuss the features of this market form with respect to:
    1. Type of product
    2. Entry and exit of firms
    3. Selling cost

How is Perfect competitive market is different from a monopoly market?


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’.


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 : ______


Which of the following statements are true?

  1. Monopolistically competitive markets have high selling costs.
  2. Monopolistically competitive markets sell homogeneous goods.
  3. Any firm can start a business in a monopolistically competitive market.

Which one of the following is NOT found in a perfectly competition market?


Define oligopoly.


Identify the market form of the following:

The Government of India is the sole buyer of fighter aircrafts.


Identify the market form for the following:

Perfectly elastic demand.


Give an example of price discrimination.


Explain any four features of perfect competition.


Which type of market structure is the following? Give reason.

Trucks


Which type of market structure is the following? Give reason.

Lipstick


Give two examples of a monopolistically competitive market.


What does perfectly elastic demand curve faced by a competitive firm indicate?


Elaborate the price discrimination feature of monopoly.


Identify the market form from the following:

A few large sellers


Which feature best distinguishes monopolistic competition from perfect competition?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×