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Question

Read the given statements carefully and select the most appropriate option.
a) Under perfect competition, the firm is not a price-maker.
b) There are no restrictions on the entry or exit of firms under perfect competition.

A Statement (a) is false & statement (b) is true.

B Both statements (a) & (b) are false.

C Both statements (a) & (b) are true.

D Statement (a) is true & statement (b) is false.

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Relevant for Exams:

HPCL CA

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