send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
The concept of supply curve is relevant only for?
Monopoly
Monopolistic competition
Perfect competition
Oligopoly
- Option 1: Monopoly
- In a monopoly, there's a single seller. There isn't a traditional supply curve because the monopolist sets prices.
- Option 2: Monopolistic competition
- Here, many firms sell similar but slightly different products. Individual firms have some control over their prices, impacting typical supply curve analysis.
- Option 3: Perfect competition
- In perfect competition, numerous firms sell identical products. Each firm is a price taker, perfectly reflecting the supply curve as the relationship between price and quantity.
- Option 4: Oligopoly
- In an oligopoly, few firms dominate the market. Their supply decisions are interdependent, affecting typical supply curve representation.
Correct Answer: Option 3 - Perfect competition
By: santosh ProfileResourcesReport error
Access to prime resources
New Courses