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Q. |
Same price prevails throughout the market under - |
A. | perfect competition |
B. | monopoly |
C. | monopolistic competition |
D. | oligopoly |
Answer» A. perfect competition | |
Explanation: Under perfect competition, the control over price is completely eliminated because all firms produce homogeneous commodities. This condition ensures that the same price prevails in the market for the same commodity. |
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