Relevant Competitive Tests:
Which of the following is not a basic assumption of perfect competition?
A. Free entry and exit
B. Many small sellers and buyers
C. Perfect informationCorrect Answer
D. Homogeneous product
Correct Option: C. Perfect information
This question has been verified by the PakPrep community moderation network for competitive examination accuracy.
Subject Overview
Explore thousands of solved past paper MCQs for Economics Mcqs categorized with explanations.
Browse All Economics Mcqs MCQs →Related Questions
The World Bank classifies countries into four groups. This classification is based upon:Automatic stabilizers are one of the __________ policy tools.Increase in supply of money will positively affect:The relationship between inflation and unemployment is represented by:Which of the following is not a component of GDP?