Question
Which of the following markets closely resembles a perfectly competitive market?
Answer: Option B
:
B
Markets for agricultural products like rice, wheat etc resemble perfectly competitive markets because there are a large number of producers, free entry and exit and products are identical.
Was this answer helpful ?
:
B
Markets for agricultural products like rice, wheat etc resemble perfectly competitive markets because there are a large number of producers, free entry and exit and products are identical.
Was this answer helpful ?
More Questions on This Topic :
Question 2. The supply curve for a monopolist is ....
Question 5. Cartels are inherently unstable because ___....
Latest Videos
Latest Test Papers
Submit Solution