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

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Question:

Individual firm has no control on the price of the commodity in the market is a condition 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.