In a perfect market both buyers and sellers are

Related MCQs

• Selling at a lower price in export market and at a higher price at home market is called
• Perfect elasticity is known as
• In the case of perfect elasticity, the demand curve is
• Perfect competition is characterized by
• Perfect elasticity is known as
• in the case of perfect inelasticity, the demand curve is
• The demand curve of a firm in the case of perfect competition is:
• Which is the feature of perfect competition?
• In perfect completion, a firm is a
• Consider a demand curve which takes the form of a straight line cutting both axes. Elasticity at the mid-point of the line would be: