+91-8076753736 [email protected]

-->

The Theory Of The Firm Under Perfect Competition

Question

Wired Faculty App

Under perfect competition, 'Industry is the price maker and firm is the price taker.' Explain.

Solution

Solution not provided.

Some More Questions From The Theory Of The Firm Under Perfect Competition Chapter

What is perfect competition?

Name the market structure in which firm is itself an industry.

Define the term market as used in economics.

What is meant by monopolistic competition?

What are selling costs?

Define homogeneous product.

What is meant by differentiated product?

Define perfect competition.

Is the seller under perfect competition a price maker or a price taker?

Define monopoly.

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation