AdminHelpdice Team30 May, 2024When no firm or consumer is large enough to affect the market price, the market is assumed to haveperfect competitionimperfect competitionno competitionnone of theseCheck AnswerRelated MCQ's The assumption which makes the 'Indifference Curve' convex to the origin is...41 min ago'Poverty line' is determined by...41 min agoThe direct exchange of goods and services for other goods and services is known as...41 min agoWhen price rises, the quantity demanded generally tends to fall because of:I:substitution effect II. substitution e...41 min agoA businessman or a company should accept investments that have _____ net present values....41 min agoThe economic term used to rank countries according to human development is...41 min agoWhen price of a commodity increased by 5%, the quantity demanded decreased by 3%. The quantity is said to have...41 min agoThe concept of invisible hand in the organization of supply and demand in a well-functioning market mechanism refer...41 min agoTaxes are used to discourage __________ of a commodity....41 min agoWhich economic term is used to represent inequality in income distribution?...41 min ago
