The following are conditions of perfect competition except
A) Sellers are large in number
B) Single buyer
C) Commodity produced is homogenous
D) Freedom to Entry and exit
Correct Answer:
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Q1: The following are conditions of perfect competition
Q3: The condition of short run equilibrium under
Q4: The large number of firms producing the
Q5: Individual firm has no control on the
Q6: In a Perfect competitive market
A)Firm is the
Q7: One of the essential conditions of perfect
Q8: Under perfect market conditions the individual firm
Q9: The condition of short run equilibrium under
Q10: Under perfect market conditions mobility of resources
Q11: A firm under perfect competitions shall be
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