The monopoly firm is a ____________.
Price maker
Price taker
Both of the above
None of these
_________means fixing the maximum size of land owned by our individual.
Land reforms
Land settlement
Land ceiliving
In a socialist country all the means of production are owned and operated by_____________.
Private sector
Public sector
Both
Industry refers to ________________
Single firm
Two firms
Group firms
We adopted planing from.
America
China
Soviet Union
________________is one of the status which succesfully implemented land reforms.
Bihar
Punjab
U.P
Kerala
Smaller is the number of seller ________________ would be the power of the firm to influence the price
Smaller
Larger
Constant
Plannigs a special feature of_____________ economy.
Socialist
Capitalist
Mixed economy
Which one is not the characteristics features of perfect competition?
large number of firms
Homogenous products
Individual firm influences price
Individual cannot influence price
Perfect competition is a situation in which a commodity sells at ______________.
Higher price
Lower price
Uniform price
