The price of a commodity under the perfect competition is determined by:

Related MCQs

• Equilibrium price is determined under perfect competition by
• Perfect competition is a market situation under which a commodity is sold at:
• Given the supply of a commodity, in the market period, the price of a commodity is determined by
• Average revenue curve under perfect competition is
• Marginal revenue curve under perfect competition is
• The condition of equilibrium of the industry under perfect competition is
• A firm under Perfect Competition is a:
• The demand curve of a firm under perfect competition is :
• Which one of the following is a feature of a perfect competition
• Perfect competition prevails when the demand for the output of each producer is