Q534
Match the following. List-I (Characteristics of Perfect Competition) List-II (Explanations) a. Many small sellers 1. No seller is able to exert a significant influence over price b. Many small buyers 2. No buyer's is able to exert a significant influence over price c. Product undifferentiated 3. Decision to buy are made on the basis of price d. Easy entry and exit 4. Resources are easily transferable among industries
Match the following.
| List-I (Characteristics of Perfect Competition) | List-II (Explanations) |
| a. Many small sellers | 1. No seller is able to exert a significant influence over price |
| b. Many small buyers | 2. No buyer's is able to exert a significant influence over price |
| c. Product undifferentiated | 3. Decision to buy are made on the basis of price |
| d. Easy entry and exit | 4. Resources are easily transferable among industries |
A.
a-2, b-3, c-4, d-1
B.
a-1, c-3, c-4, d-2
C.
a-3, b-1, c-2, d-4
D.
a-1, b-2, c-3, d-4
AnswerAnswer: Option D
Solution
Answer: Option D
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