Which of the following industry is most closely approximates the perfectly competitive model.

Related MCQs

• When the perfectly competitive firm and industry are both in long run equilibrium
• Which of the following is not a feature of a perfectly competitive market
• Under perfectly competitive market an individual seller is a
• A perfectly competitive firm gets only normal profit when
• The short-run supply curve of a perfectly competitive firm is given by
• The equilibrium level of output for a perfectly competitive marketis
• The demand curve for labour under perfectly competitive market is
• The supply curve of the input that a firm faces under a perfectly competitive market is
• A profit maximizing firm under a perfectly competitive market employs more and more variable input labour until
• In the short-run, a competitive firm can earn