Multiple Choice
Which of the following is not a feature of a perfectly competitive market
A) Large number of buyers and sellers
B) Homogeneous product
C) Group behaviour
D) Perfect competition
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: Average revenue curve under imperfect competition is<br>A)Upward
Q8: When there is Zero or No capital
Q9: Total profits are maximized where<br>A)TR equals TC<br>B)TR
Q10: Under perfectly competitive market an individual seller
Q11: Which policy is recommended under flexible exchange
Q13: In the short-run, a competitive firm can
Q14: Given the supply of a commodity, in
Q15: In the market period, market supply curve
Q16: Marginal revenue curve under imperfect competition is<br>A)Upward
Q17: Average revenue curve under perfect competition is<br>A)Upward