Economy, asked by anurag374, 1 year ago

mention feature of market where price fall with rise in output​

Answers

Answered by Niruru
16
\large\green {Law \ of \ Demand}

The law of demand states that when the all other things are same, the quantity demanded of the commodity increases due to fall in price.

The market where price fall with rise in output, it is actually a \bf Monopoly \ market. In this market there are following features :-

1. One seller and large number of buyers.

2. Restrictions on the entry of new firms.

3. No close substitutes.

4. Full control over price.

5. Price discrimination.

\small\red {[Kindly \ refer \ to \ the \ attachment]}
Attachments:

Niruru: I hope my answer would be helpful for you.
anurag374: thank you
CoolestCat015: Well Explained !
Niruru: :-)
Anonymous: Great !!
Similar questions