Q623
Which of the following are true for perfect competition? 1. Very large number of buyers and sellers 2. Restriction on entry and exit of firms 3. Perfectly elastic demand Select the correct answer
A.
Both 1 and 2
B.
Both 2 and 3
C.
Both 1 and 3
AnswerD.
All of the above
Answer: Option C
Solution
Answer: Option C
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