CA CPT 2014 Dec Question Paper General Economics for online practice

© examsiri.com

Question : 19 of 50

Marks: +1, -0

The firm in a perfectly competitive market is a “price taker”. This designation as a “price taker” isbased on the assumption that:

The firm has some, but not complete, control over its product price
There are so many buyers and sellers in the market that any individual firm cannot affectmarket.
Each firm produces a homogeneous product.
There is easy entry into or exit from the market place.

Go to Question:

Prev Question

Next Question