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
Q8: Investment Multiplier explains measures the change income
Q9: Under perfectly competitive market an individual seller
Q10: Uniform price is a feature of
A)Perfect competition
B)Monopoly
C)Monopolistic
Q11: Which of the following is not a
Q12: A perfectly competitive firm gets only normal
Q14: Average revenue curve under perfect competition is
A)Upward
Q15: Marginal revenue curve under perfect competition is
A)Upward
Q16: Average revenue curve under imperfect competition is
A)Upward
Q17: Marginal revenue curve under imperfect competition is
A)Upward
Q18: Perfect competition prevails when the demand for
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