Banner 0
Banner 1
Banner 2
Banner 3
Banner 4
Banner 5
Banner 6
Banner 7
Banner 8
Banner 9

Q.

Which of the following is not a feature of perfect competition?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.
An Intiative by Sri Chaitanya

a

Large number of buyers and sellers

b

Homogeneous product

c

Price is determined by the market forces of demand and supply

d

Entry and exit of firms is easy

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

Detailed Solution

Homogeneous product is not a feature of perfect competition. In perfect competition, products are homogeneous, meaning that they are identical or similar in nature.

Watch 3-min video & get full concept clarity
score_test_img

courses

No courses found

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

best study material, now at your finger tips!

  • promsvg

    live classes

  • promsvg

    progress tracking

  • promsvg

    24x7 mentored guidance

  • promsvg

    study plan analysis

download the app

gplay
mentor

Download the App

gplay
whats app icon
personalised 1:1 online tutoring