Q619
Assertion (A) A perfectly competitive firm is not a market but is a price taker. Reason (R) The firm is intereshed in deciding the level of output only.
A.
Both (A) and (R) are true
B.
Both (A) and (R) are false
C.
(A) is false, but (R) is true
D.
(A) is true, but (R) is not a correct explanation of (A)
AnswerAnswer: Option D
Solution
Answer: Option D
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