In a monopolistic market, goods are __________________
Homogenous
Heterogeneous
Differentiated
None of these
Perfect competition is characterized by ___________________
Large number of firms
Homogenous product
Individual firm can't influences price
All of these
A large inercase in the production of food grains offer independent is called______________.
Green revolution
Operation flood
Brown revolution
In perfect competition, prices are determined by ______________________
Single firm
Two firm
Three firms
Industry
Plannigs a special feature of_____________ economy.
Socialist
Capitalist
Mixed economy
Product homogeneity is a feature of _____________.
Imperfect competition
Perfect competition
Monopolistic competition
Goods market is where _______________ sold.
Only good
Only services
Goods and services
Smaller is the number of seller ________________ would be the power of the firm to influence the price
Smaller
Larger
Constant
Market needs to exist in some geographical place. This statement is.
Absolutely true
Absolutely false
Only partially correct
Available information is incomplete
_______________ are neither fully competitive nor fully monopolistic.
Oligopoly
a and b
