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(i) AR is always equal to marginal revenue. (ii) Demand curve is intermediate. (iii) Selling costs are incured for informative purposes. (iv) Firms is a price taker (v) There are large number of firms selling differentiated product (vi) Firm is price maker (vii) Firmmay charge different prices for the same product from different consumers at the same time (vii) There is perfect knowledge among buyers and seller. (ix)There is complete interdependence among diferent firms. (x) Thismarket torm shares features of both perfect competition and monopoly. |
| Answer» SOLUTION :Perfectly COMPETITION, (ii) OLIGOPOLY, (iii) Monopoly (iv) Perfect competition, (v) Monopolistic competition, (VI) Monopoly, (vi) Monopoly, (viii) Perfect Competition, (IX) Oligopoly, (x) Oligopoly, (x) Monopoly competition. | |