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Perfect Competition MCQ Questions and Answers 4 PDF Download

Perfect Competition Multiple Choice Questions (MCQ), perfect competition quiz answers PDF, MBA test prep 4 for online MBA degree programs.

"In a perfectly competitive market, a company demand curve is" Multiple Choice Questions (MCQ) on perfect competition with choices perfectly inelastic, perfectly elastic, imperfect market, and elastic to learn online training courses. Practice jobs' assessment test, online learning demand curve quiz questions for top business schools.

MCQs on Perfect Competition Quiz 4 PDF Download eBook

MCQ: In a perfectly competitive market, a company demand curve is

  1. perfectly elastic
  2. perfectly inelastic
  3. imperfect market
  4. elastic

A

MCQ: Buyers competent of making realistic purchases based on information given are

  1. rational buyers
  2. rational sellers
  3. buyers
  4. sellers

A

MCQ: In perfect competition, every profit-exploiting manufacturer looks a market price identical to it's

  1. marginal revenue
  2. marginal cost
  3. Profit maximization
  4. perfectly elastic

B

MCQ: A absolutely competitive industry has a

  1. perfectly elastic supply curve
  2. perfectly elastic demand curve
  3. negatively sloped demand curve
  4. positively sloped demand curve

C

MCQ: point where market demands will be same to market supply

  1. equilibrium in perfect competition
  2. equilibrium in imperfect competition
  3. equilibrium competition
  4. all of answers are correct

A