Millionaire Mode

Industrial Economics and Game Theory

Question 1 of 14

In a perfectly competitive market, firms are price takers, meaning they:

  1. Can set their own prices independently of other firms.
  2. Must sell their products at the prevailing market price.
  3. Have the power to influence the market price through their production decisions.
  4. Can negotiate prices with individual buyers.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000