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Perfect Competition MCQ Questions and Answers 6 PDF Download

Perfect Competition Multiple Choice Questions (MCQ), perfect competition quiz answers PDF, MBA test prep 6 for online MBA degree programs.

"An industry appears closest to perfect competition" Multiple Choice Questions (MCQ) on perfect competition with choices fast food, automobile manufacturing, wheat farming, and computer software to study online classes courses. Practice jobs' assessment test, online learning examples of competition quiz questions for master of science in business administration.

MCQs on Perfect Competition Quiz 6 PDF Download eBook

MCQ: An industry appears closest to perfect competition

  1. automobile manufacturing
  2. fast food
  3. wheat farming
  4. computer software

C

MCQ: No entrance and way out obstacle creates it exceptionally simple to enter or exit a

  1. perfectly competitive market
  2. imperfect market
  3. competitive market
  4. imperfect competitive market

A

MCQ: Monopolistic competition is different from perfect competition mainly because

  1. in monopolistic competition, there are relatively few barriers to entry.
  2. in monopolistic competition, firms can differentiate their products.
  3. in perfect competition, firms can differentiate their products.
  4. in monopolistic competition, entry into industry is blocked.

B

MCQ: Mutually demand and supply of a good will influence balance in perfect competition in

  1. short run
  2. long run
  3. half run
  4. a& b

B

MCQ: When we state a good or service is alike, we imply that

  1. all buyers think it is identical
  2. all sellers think it is identical
  3. a & b
  4. all buyers and sellers think it is identical

A