Start learning 50% faster. Sign in now
• Statement 1 is correct as firms in a perfectly competitive market sell identical products. • Statement 2 is incorrect because firms in perfect competition are price takers and do not have control over the market price. • Statement 3 is correct because in perfect competition, there are no barriers to entry or exit, allowing firms to freely enter or leave the market. • Statement 4 is correct because in the long run, firms in perfect competition earn normal profits, as the entry of new firms drives economic profits to zero.
The excess of income over consumption is called.....................?
‘Pusa Arunima’ is an improved hybrid variety of this crop released by IARI, New Delhi—
Most commonly used fungicide for seed treatment is:
Consider the following statements in reference to cross pollinated crops.
A. Inbred lines based single cross hybrid is homozygous and homogeneous...
COVID-19 vaccine for animals – Ancovax which was recently launched by Union Minister for Agriculture Shri Narendra Singh Tomar, is developed by
The most critical stage for irrigation in wheat is CRI. In wheat, CRI stage arises at (DAS)………………………
...The most common form of price discrimination in international trade is
Nucleic acids are:
Rice stem borers lay eggs on which one of the following parts of the plant?
Phototropism requires changes in ______mobilization.