No products in the cart.

Explain the deteminants of perfect competition

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Explain the deteminants of perfect competition

Posted by Namrata Deshpande 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Mohd Shariq Ms Raza 6 years, 11 months ago

It's a mechanism contact consumer or producer in a market of goods and services perfect competition mean large number of buyer and seller with a homogeneous product government are not enter fare then are free entry or exit price are determined and slope downward industry price taker nd firm is price maker,

Cbse Student 6 years, 11 months ago

Perfect competition market refers to a market situation where a large number of buyers and sellers are dealing in a homogeneous product. Also, there are no legal, social or technological barriers on the entry and exit of any firm. It means that any firm is free to enter the market when finds it profitable and can leave it when wishes to do so. Under the perfect competition market, the industry is the price maker and the firm is the price taker. It means that the price of the goods and the services are determined by the industry and they are accepted by the individual firms.

ANSWER

https://examin8.com

Test

Related Questions

Economics project on function of RBI

Posted by Mehar Ansari 1 year, 6 months ago

CBSE > Class 12 > Economics

0 answers

Is inclusive growth Achievable for a developing country like India when exposed to the process of privatisation and globalization

Posted by Niangmuankim Vaiphei 1 year, 5 months ago

CBSE > Class 12 > Economics

0 answers

Two types of marke diagram and explanation

Posted by Rijum Karlo 1 year, 6 months ago

CBSE > Class 12 > Economics

0 answers

Economic Reforms Since 1991 notes

Posted by Dipika Sharma 1 year, 6 months ago

CBSE > Class 12 > Economics

0 answers

What is receipt?

Posted by Geeta Gautam 1 year, 5 months ago

CBSE > Class 12 > Economics

0 answers

why should the aggregate final expenditure of an economy be equal to the aggregate factor payment

Posted by Nandita Sharma 1 year, 6 months ago

CBSE > Class 12 > Economics

1 answers

Industrial licensing was used to promote regional equality. Discuss

Posted by Niyati Garg 1 year, 5 months ago

CBSE > Class 12 > Economics

0 answers

Explain the limitation of GDP as wellfare

Posted by Naman Jain 1 year, 5 months ago

CBSE > Class 12 > Economics

1 answers

Trends in credit availability

Posted by Shruti Singh 1 year, 6 months ago

CBSE > Class 12 > Economics

0 answers

What is deficit ?

Posted by Sakshi Singh 5 months, 2 weeks ago

CBSE > Class 12 > Economics

1 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App