Which one of the following is a feature of a perfect competition?

Related MCQs

• ________ competition exists when the basic features of Perfect Competition are not present.
• In the long run, a firm in perfect competition earns _____________
• In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.
• Which of the following does not characterize monopolistic competition?
• On the basis of competition, markets are classified into __________ types.
• _______ means absence of competition.
• Which one of the following is not a factor of production?
• Which one of the following cost can never become zero?
• Which one of the following functions of commercial banks include collection of cheques, drafts, bill of exchange etc. of their customers from other banks?
• Which one of the following is the apex bank for agricultural credit in India?