Which one of the following is a feature of a perfect competition
A) group behavior
B) selling cost
C) homogeneous product
D) differentiated product
Correct Answer:
Verified
Q1: Which of the following industry is most
Q2: Under perfectly competitive market an individual seller
Q3: Uniform price is a feature of
A)perfect competition
B)monopoly
C)monopolistic
Q4: Which of the following is not a
Q5: A perfectly competitive firm gets only normal
Q7: Average revenue curve under perfect competition is
A)upward
Q8: Marginal revenue curve under perfect competition is
A)upward
Q9: Average revenue curve under imperfect competition is
A)upward
Q10: Marginal revenue curve under imperfect competition is
A)upward
Q11: Perfect competition prevails when the demand for
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