UGC NET Exam > UGC NET Questions > Perfect competition market structure is one i...
Start Learning for Free
Perfect competition market structure is one in which ________.
- a)All firms sell an identical product
- b)All firms sell different product
- c)Only few firms sells the product
- d)Only one firm sells the product
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Perfect competition market structure is one in which ________.a)All fi...
In Perfect competition market structure all the firms sell an identical product.
All the firms are price takers i.e. they cannot influence the market price of the product.
Perfect competition is the opposite of a monopoly, in which only a single firm supplies a good or service and that firm can charge whatever price it wants, since consumers have no alternatives and it is difficult for would-be competitors to enter the marketplace.
All the firms are price takers i.e. they cannot influence the market price of the product.
Perfect competition is the opposite of a monopoly, in which only a single firm supplies a good or service and that firm can charge whatever price it wants, since consumers have no alternatives and it is difficult for would-be competitors to enter the marketplace.
Free Test
FREE
| Start Free Test |
Community Answer
Perfect competition market structure is one in which ________.a)All fi...
In Perfect competition market structure all the firms sell an identical product.
All the firms are price takers i.e. they cannot influence the market price of the product.
Perfect competition is the opposite of a monopoly, in which only a single firm supplies a good or service and that firm can charge whatever price it wants, since consumers have no alternatives and it is difficult for would-be competitors to enter the marketplace.
All the firms are price takers i.e. they cannot influence the market price of the product.
Perfect competition is the opposite of a monopoly, in which only a single firm supplies a good or service and that firm can charge whatever price it wants, since consumers have no alternatives and it is difficult for would-be competitors to enter the marketplace.
Attention UGC NET Students!
To make sure you are not studying endlessly, EduRev has designed UGC NET study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UGC NET.
|
Explore Courses for UGC NET exam
|
|
Top Courses for UGC NETView all
Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer?
Question Description
Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer?.
Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UGC NET.
Download more important topics, notes, lectures and mock test series for UGC NET Exam by signing up for free.
Here you can find the meaning of Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Perfect competition market structure is one in which ________.a)All firms sell an identical productb)All firms sell different productc)Only few firms sells the productd)Only one firm sells the productCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UGC NET tests.
|
|
Explore Courses for UGC NET exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup