Question

BPKP is about natural farming while in organic farming farmer can purchase inputs from outside.

(1) The demand curve is a horizontal straight line in perfect competition

(2) Monopoly makes super-normal profits with barriers to entry

A Both 1 and 2 Correct Answer Incorrect Answer
B Neither 1 nor 2 Correct Answer Incorrect Answer
C Only 2 Correct Answer Incorrect Answer
D Only 1 Correct Answer Incorrect Answer

Solution

The correct answer is A

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