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Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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the CA Foundation exam syllabus. Information about Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam.
Find important definitions, questions, meanings, examples, exercises and tests below for Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be small relative to the market. Which of the following best describes this smallness?a)The individual firm must have fewer than 10 employees.b)The individual firm faces a downward-sloping demand curve.c)The individual firm has assets of less than Rs. 20 lakh.d)The individual firm is unable to affect market price through its output decisions.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.