Question : Extreme forms of the market are
Option 1: perfect competition; oligopoly
Option 2: oligopoly; monopoly
Option 3: perfect competition; monopoly
Option 4: perfect competition; monopolistic competition
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: perfect competition; monopoly
Solution : The correct answer is perfect competition; monopoly.
A market system with perfect competition has numerous customers and sellers, all of whom manufacture similar products. There are no entrance or departure barriers and all buyers and sellers have complete market knowledge. A monopoly is a market system in which only one supplier of a commodity exists. There are no close replacements for the product, and entry obstacles prohibit other companies from competing in the market.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : Match the characteristics with their market structure:
(a) Marginal Cost (MC) = Market Price(MR)
(b) The firm will tend to set output to earn maximum profit.
Question : The situation in which total Revenue equals total cost, is known as :
Question : Kinked demand curve is a feature of
Question : Directions: In the following question, arrange the following words as per their order in the dictionary. 1. Smoulder 2. Smother 3. Smuggle 4. Smudge
Question : Directions: In the following question, arrange the following words as per their order in the dictionary. 1. Intervention 2. Intertwine 3. Interview 4. Intervene
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile