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Model Paper 1 — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsModel Paper 11 Mark
MCQ
A Seller Cannot influence the market price under:
  • A
    Monopolistic Competition
  • B
    All of these
  • C
    Monopoly
  • ✓
    Perfect Competition
✓

Answer

Correct option: D.
Perfect Competition
(d) Perfect Competition
Explanation: because, in a perfectly competitive market, the buyers will treat the products of all the firms in the market as homogeneous. There is zero degrees of product differentiation and the firm cannot take any control of the price.

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