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Petrol Bunks are best example for perfect competition.The reason is all sellers sell same product with same price .The product differences if any is also same (like ordinary petrol /diesel & extra premium petrol /Diesel)
Stock Market also exhibits perfect competition.
In oligopoly market there are different sellers with product differential being wide in terms of technology & price. E.G, Mosquito repellents ,where cotton nets with repellent coating, coils, electronic repellents, repellent frequency sound wave repellents are seen in markets .Buyers who are rich will buy costly repellents & others will buy low priced items.
Monopoly market represent single seller & many buyers. LIC India enjoyed for many years monopoly in Life Insurance market. Railways in India is monopoly controlled by Central Government Railway Ministry . similarly petroleum product distribution is dealt by Petroleum ministry. Oil &
Natural Gas Commission is having monopoly.
Any producer with break through technology offers a product or service having no competitors enjoys monopoly. For sometime Maruti Udyog Ltd enjoyed monopoly over their spare parts.
What else can I help you with?
In what market models is X inefficiency least likely to be present 1 pure competition 2 oligopoly 3 monopolistic competition or 4 pure monopoly?
It is least likely to be in pure competition.
What is meant by perfect knowledge of the market in the perfect competition?
Perfect knowledge means that the customers know the past, present and the future status of the market.
Why perfect competition also known monopolistic competition?
Perfect competition and monopolistic competition are distinct market structures, but they share some similarities. Perfect competition features many firms selling identical products, leading to no single firm influencing market prices. In contrast, monopolistic competition has many firms as well, but they sell differentiated products, allowing for some degree of market power. The term "monopolistic" in monopolistic competition refers to this ability of firms to set prices above marginal cost due to product differentiation, which is not present in perfect competition.
How monopolistic competition like perfect competition?
Monopoly is a market structure where single seller sell its goods and service to large number of buyer. Monopoly firms itself industry because in monopoly only one seller are exists in market. Monopolistic market structure reflect the market situation where large no. of buyer and seller are enjoying. The main similarities between monopoly and monopolistic competition are as follow:- . 1) Both market are price maker i.e. price and level of output is decided by firm itself. 2) Large number of buyer are present in the market. 3) Product differentiated on the basis of size, brand, packing feature etc.
Perfect competition is efficient in the long run because price marginal cost and firms are producing at minimum?
Perfect competition is efficient in the long run because price _____ marginal cost and firms are producing at minimum _____.
What is the Present Perfect Tense of prove?
The present perfect tense of "proven" is: "I had proven". It combines the present in the past tense.
In what market models is X inefficiency least likely to be present 1 pure competition 2 oligopoly 3 monopolistic competition or 4 pure monopoly?
It is least likely to be in pure competition.
What is meant by perfect knowledge of the market in the perfect competition?
Perfect knowledge means that the customers know the past, present and the future status of the market.
What is the present perfect tense of drinking?
I/You/We/They have drunk. He/She/It has drunk.
Why perfect competition also known monopolistic competition?
Perfect competition and monopolistic competition are distinct market structures, but they share some similarities. Perfect competition features many firms selling identical products, leading to no single firm influencing market prices. In contrast, monopolistic competition has many firms as well, but they sell differentiated products, allowing for some degree of market power. The term "monopolistic" in monopolistic competition refers to this ability of firms to set prices above marginal cost due to product differentiation, which is not present in perfect competition.
What part of speech is has?
The word 'has' is a verb and is often used in a verb phrase. examples: She has an apple. (simple present) He has a new car. (simple present) He has phoned three times today. (present perfect) She has eaten an apple. (present perfect)
What are the examples of a present perfect tense?
The examples of a present perfect tense are those according to the following pattern: Subject + Have/has + verb in past participle As that we have: I have worked all day We have seen that movie before You have changed your ways in a huge manner He has never seen her Work and play around to see which other combination's you can get. The Brother has been improving since they recruited a new members. = present perfect continuous Jemariel Philline taja-on has been playing chess since she was in High School. = present perfect continuous The Cheetah has been the record holder for being the fastest animal in land.=not a good sentence. The cheetah is the record holder for the fastest animal on land. (not present perfect)
What is the present perfect of follow?
The present perfect of follow is has/have followed.
What is the present perfect form of present?
The present perfect form of "present" is "have/has presented."
Is broken past tense or present tense?
Broken is a past participle, which doesn't show any tense without auxiliary verbs. Examples: Had broken - past perfect tense Has/Have broken - present perfect tense Will have broken - future perfect tense
What is the present perfect tense of hid?
The present perfect tense is Have/Has Hidden.
What is the present perfect tense of exist?
The present perfect tense is has/have existed.
