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Which of the following assumptions about a perfectly competitive market structure is/are not valid in the case of a monopoly?a)There should exist a very large number of firms so that the actions of a single buyer or seller have a negligible effectb)Free entry and exitc)Outputs produced by all the firms are indistinguishable from each otherd)Both A and BCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following assumptions about a perfectly competitive market structure is/are not valid in the case of a monopoly?a)There should exist a very large number of firms so that the actions of a single buyer or seller have a negligible effectb)Free entry and exitc)Outputs produced by all the firms are indistinguishable from each otherd)Both A and BCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following assumptions about a perfectly competitive market structure is/are not valid in the case of a monopoly?a)There should exist a very large number of firms so that the actions of a single buyer or seller have a negligible effectb)Free entry and exitc)Outputs produced by all the firms are indistinguishable from each otherd)Both A and BCorrect answer is option 'D'. Can you explain this answer?.

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