Goods market is where _______________ sold.
Only good
Only services
Goods and services
None of these
Perfect competition is characterized by ___________________
Large number of firms
Homogenous product
Individual firm can't influences price
All of these
Plannigs a special feature of_____________ economy.
Socialist
Capitalist
Mixed economy
Price maker firms exist under ________________ competition.
Monopolistic competition
Perfect competition
Monopoly
Oligopoly
________________is one of the status which succesfully implemented land reforms.
Bihar
Punjab
U.P
Kerala
In a socialist country all the means of production are owned and operated by_____________.
Private sector
Public sector
Both
Smaller is the number of seller ________________ would be the power of the firm to influence the price
Smaller
Larger
Constant
Product homogeneity is a feature of _____________.
Imperfect competition
Market needs to exist in some geographical place. This statement is.
Absolutely true
Absolutely false
Only partially correct
Available information is incomplete
The monopoly firm is a ____________.
Price maker
Price taker
Both of the above
