aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
Multiple choice

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

  1. Large number of buyers and sellers

  2. Homogeneous products

  3. Free entry and exit of firms

  4. No transportation costs

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All the other three are the only features of pure competition. There is no transportation cost in perfect competition.

Keep practicing — related questions

  • Which of the following is not an essential condition of pure competition?
  • Which one of the following is not a feature of iphone 3GS ?
  • What is the value displayed when the following is executed? Assume that the code was executed using the fol...
  • Consider the following events – 1. Lucknow Pact 2. Promulgation of Vernacular Press Act 3. Establishment of...
  • As per the recent Global Competitiveness Report from the World Economic Forum, which country replaced US as...
  • Consider the following graph: ![](https://i.imgur.com/V3Jc1OA.png) Which one of the following cannot be the...
  • Consider the following statements: 1. The Cabinet Mission recommended a basic framework for the Constitutio...
  • Consider the following countries: 1. Brazil 2. Indonesia 3. Japan 4. Russia What is the descending order of...

Practice this topic

  • Microeconomics and Pricing (1364 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy