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Individual firm has no control on the price of the commodity in the market is acondition of

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Question:

Individual firm has no control on the price of the commodity in the market is acondition of

A.

Perfect competition

B.

Monopoly

C.

Monopolistic competition

D.

Bilateral monopoly

Answer» a. Perfect competition

Note: The above multiple-choice question is for all general and Competitive Exams in India.