menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Micro economics 2
  4. Exam
    Exam 8: Understanding Market Structures and Firm Behavior
  5. Question
    In a Perfect Competitive Market
Solved

In a Perfect Competitive Market

Question 1

Question 1

Multiple Choice

In a Perfect competitive market


A) Firm is the price giver and the industry is a price taker
B) Firm is the price taker and the industry is a price giver
C) Both are price makers
D) Both are price takers

Correct Answer:

verifed

Verified

Related Questions

Q2: Under perfect market conditions the individual firm

Q3: The marker structure with Perfect mobility of

Q4: The short-run supply curve of a perfectly

Q5: If an imperfectly competitive firm is producing

Q6: Lerner Index is a measure of:<br>A)Elasticity of

Q7: Which of the following is a characteristic

Q8: The marker structure which have large number

Q9: Marginal revenue is equal to price for

Q10: The marker structure which have very large

Q11: Individual firm has no control on the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines