Question:
Which of the following are the features of perfect competition?
Which of the following are the features of perfect competition?
Show Hint
Perfect competition implies price-taking behavior and many participants, with homogeneous products.
Updated On: Jan 26, 2026
- Product Heterogeneity
- Free entry and exit of firms
- The firm is a price maker
- Large number of buyers and sellers
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Step 1: Perfect competition features: Homogeneous product, free entry/exit, price taker (not maker), large buyers & sellers.
Step 2: Identify correct options: B and D.
Was this answer helpful?
1
0
Top Questions on Microeconomics
- Which of the following terms is used in economics parlance to describe a person who receives the benefits of a good but avoids paying for it?
- CUET (PG) - 2025
- Commerce
- Microeconomics
- Which of the following statements is incorrect?
- CUET (PG) - 2025
- Commerce
- Microeconomics
- What is economic activity?
- Bihar Board XII - 2025
- Economics
- Microeconomics
- Explain the importance of the study of Microeconomics.
- Bihar Board XII - 2025
- Economics
- Microeconomics
- Microeconomics studies
- Bihar Board XII - 2025
- Economics
- Microeconomics
View More Questions
Questions Asked in CUET PG exam
- Which type of heart failure is most likely to be associated with pulmonary edema?
- CUET (PG) - 2025
- Human physiology
- Door is related to bang in the same way as chain is related to
- CUET (PG) - 2025
- Analogies
Find the next two terms of the series:
The given series is: \( A, C, F, J, ? \).(A) O
(B) U
(C) R
(D) V
Choose the correct answer from the options given below:
- CUET (PG) - 2025
- Letter Series
- HPV is responsible mainly for:
- CUET (PG) - 2025
- Microbiology
- Lakulish sect is related to:
- CUET (PG) - 2025
- Ancient History
View More Questions