Fill up the following table appropriately: FeaturesPerfect Competiti – InterviewSolution

1.

Fill up the following table appropriately: FeaturesPerfect CompetitionMonopoly1. Number of buyers.... ....2. Number of sellers........3. Price of the Commodity........4. Selling.........5. Entry and exit........6. Level of output.........

Answer»

Features	Perfect Competition	Monopoly
1. Number of buyers	Large	Large
2. Number of sellers	Large	Single/one
3. Price of the Commodity	Uniform	Differentiate
4. Selling	No/Zero	No
5. Entry and exit	Free entry	No entry
6. Level of output	Optimum/infinite	Limited/Minimum

Discussion

No Comment Found

Related InterviewSolutions

What were the two main occupations of the Rig Vedic Aryans?
Name the two political institutions which exercised check on the powers of the King in the Rig Vedic period.
What w’as the position of women in the Rig Vedic age ?
Describe the social life of the Rig Vedic Aryans with reference to the following: (a) The Family Structure (b) Position of Women (c) Varna System
With reference to the following explain the main features of the Rig Vedic Economy: (a) Agriculture (b) Domestication of Animals (c) Trade Transactions, Crafts and Transportation
Mention any two archaeological sources to reconstruct the later Vedic Age.
Mention any two of the Ashrams in the life of a man in Aryan society.
What information do we gather from the later Vedic literature in respect of: (a) Spread of Vedic Civilization to many New Regions. (b) Role of Iron in later Vedic Economy.
Mention briefly the rituals and sacrifices of the later Vedic Aryans?
What is the message of the Bhagavad Gita?