Question
Which of the following is NOT a characteristic of a
perfectly competitive market? ÂSolution
- In perfect competition , firms are price takers , meaning they accept the market price set by supply and demand.Â
- The characteristics of perfect competition include many buyers and sellers, homogeneous products, free entry/exit, and perfect information. Â
More Extra content for Finance concepts Questions
Come, take a ________.
Splendid and expensive-looking
Select the most appropriate word for the given group of words.Â
The organic component of soil, formed by the decomposition of leaves and other p...
Select the INCORRECTLY spelt word.
A person who suffers pain or difficulty without complaining Â
India can use asset monetisation (A) proceeds to whittle (B) down its debt and that will help improve (C) Â the credit rating, that can be the best fisc...
Select the most appropriate synonym of the given word.
DETAIN
- Select the most appropriate synonym of the bold word.
She decided to resume her studies after the break.
... Select the word which means the same as the group of words given.
Be harmonious or consistent with
1) The first
2) balloon assent
3) was in 1783
4) in Canada
5) No error
