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Commerce · Q1476

Economics

Graduate and Post Graduate · Commerce · question 1476

Q1476

Which of the following refers to perfect competition? 1. There are restrictions on buyers and sellers. 2. There are no restrictions on movement of goods. 3. There are no restrictions on factors of production. Select the correct answer

A.
Both 1 and 2
B.
Both 2 and 3
Answer
C.
Both 1 and 3
D.
Only 1

Answer: Option B

Solution

Answer: Option B
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