Existence of large number of buyers and sellers and homogenous product is a feature of :

Related MCQs

• If a firm sells its output on a market that is characterized by many sellers and buyers, a homogeneous product, unlimited long-run resource mobility, and perfect knowledge, then the firm is a
• If a firm sells its output on a market that is characterized by many sellers and buyers, a differentiated product, and unlimited long-run resource mobility, then the firm is
• The market structure which has large number of sellers selling differentiated product is called
• The marker structure which have large number of sellers selling differentiated product is called
• If a firm sells its output on a market that is characterized by few sellers and many buyers and limited long-run resource mobility, then the firm is
• Homogenous product means products are:
• The marker structure which have very large number of sellers selling Identical products is called
• ________ is a market in which there are only a few large buyers for a product or service.
• ‘Homogenous products’ is a characteristic of:
• If a firm sells its output on a market that is characterized by a single seller and many buyers of a homogeneous product for which there are no close substitutes and barriers to long-run resource mobility, then the firm is