CBSE Class 11-commerce Answered
Distuinguish between perfect competition and monopolymonopolistic competition
Asked by Bhardwakalka92 | 29 Mar, 2019, 12:26: PM
Expert Answer
|
|
Perfect Competition |
Monopoly |
Monopolistic Competition |
|
Number of buyers & sellers |
Large |
One seller, large number of buyers |
Large |
|
Product |
Homogenous |
Homogenous or differentiated |
Product Differentiation |
|
Entry of firms |
Free Entry |
Not possible |
Not absolute freedom |
|
Knowledge of market conditions |
Perfect knowledge |
Imperfect knowledge |
Imperfect knowledge |
|
Price |
Uniform |
Not uniform because of product discrimination |
Product Differentiation |
Answered by Christina | 29 Mar, 2019, 01:10: PM
CBSE 11-commerce - Economics
Asked by deepubunny4252 | 15 May, 2022, 07:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by shreyaghadi00 | 25 Jan, 2022, 01:24: PM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by neetumathur1976 | 21 Jul, 2020, 02:11: PM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by chiraklakshmi | 03 Jul, 2020, 10:07: AM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by Nikitabatra777 | 11 Jun, 2020, 09:07: AM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by anuragsin639 | 01 Jun, 2020, 09:17: AM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by sofiyabeegumf | 26 Mar, 2020, 09:19: PM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by rksharmaramjas | 06 Mar, 2020, 09:28: PM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by rksharmaramjas | 26 Feb, 2020, 07:02: PM
ANSWERED BY EXPERTCBSE 11-commerce - Economics
Asked by NainsyNahar | 24 Feb, 2020, 01:41: PM
ANSWERED BY EXPERT
