Q620
Consider the following statements for the perfect market. Which of the following statement(s) is/are correct? 1. All the buyers and sellers have freedom to make entry or exit at any time in the market. 2. There are a large number of small undifferentiated buyers. 3. A single price prevail in the market.
A.
Only 1
B.
Both 2 and 3
C.
Both 1 and 3
D.
All of these
AnswerAnswer: Option D
Solution
Answer: Option D
No explanation is given for this question Let's Discuss on Board