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Question Practice

Which condition affects the price-taking behavior in perfect competition?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

Which condition affects the pr...

Single Answer MCQ
Q-00089471

Which condition affects the price-taking behavior in perfect competition?

1

Few firms in the market

2

Lack of information among buyers

3

Homogeneous nature of products

4

High entry barriers

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Which of the following is NOT a characteristic of perfect competition?

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Q3.

In a perfectly competitive market, what is the behavior of consumers?

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Q4.

What ensures that firms in perfect competition produce identical products?

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