Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 5. Forms of Market
Q.2. Give economic term:
1. The market where there are few sellers.
ANS: - Oligopoly
2. The point where demand and supply curve intersect.
ANS: - Equilibrium point/price
3. The cost incurred by the firm to promote sales.
ANS: - Selling Cost
4. Number of firms producing identical product
ANS:- Homogeneous Product
5. Charging different prices to different consumers for the same product or services.
ANS:- Price Discrimination
