Perfect competition is a market situation under which a commodity is sold at:

Related MCQs

• The price of a commodity under the perfect competition is determined by:
• Firms in monopolistic competition in long run equilibrium ________ than firms in perfect competition.
• A monopolistically competitive market is distinguished from perfect competition by the fact that
• Given the supply of a commodity in the market period, the price of the commodity is determined by
• Given the supply of a commodity, in the market period, the price of a commodity is determined by
• Which of the following statements is true, regarding the revenues of a firm under perfect competition
• A firm under perfect competition will maximize profits when its
• Under perfect competition, MR curve is:
• The condition of short run equilibrium under perfect competition is
• The condition of short run equilibrium under perfect competition is