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Management · Q172

Managerial Economics

Graduate and Post Graduate · Management · question 172

Q172

From the resource allocation view point, perfect competition is preferable because

A.
There is no restriction on entry and exit of firms
B.
There is a whole variety of output pro duced
C.
The firms operate at excess capacity lavels
D.
There is no idle capacity
Answer

Answer: Option D

Solution

Answer: Option D
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