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Market Structure and Pricing — Economics STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11EconomicsMarket Structure and Pricing1 Mark
MCQ
Choose the incorrect statement:In perfect competition
  • A
    There are large number of buyers and sellers
  • B
    Free entry and exit of firm
  • ✓
    Price competition is essential
  • D
    Independent price policy
✓

Answer

Correct option: C.
Price competition is essential
Price competition is essential

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