Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Perfect competition prevails when the demand for the output ofeach producer is

/ » Micro economics 2 solved MCQs / By
Question:

Perfect competition prevails when the demand for the output ofeach producer is

A.

Elastic

B.

Perfectly elastic

C.

Inelastic

D.

Perfectly inelastic

Answer» d. Perfectly inelastic

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