Millionaire Mode

Pricing and Output Decisions

Question 1 of 15

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

  1. Set their own prices independently
  2. Have no control over the market price
  3. Can influence the market price by increasing or decreasing output
  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