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Meaning and Types of Markets — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsMeaning and Types of Markets1 Mark
MCQ
_________ is essential for a market to be called as perfect competition.
  • ✓
    Large number of buyers and sellers
  • B
    Restricted entry and exit
  • C
    No substitutes
  • D
    Differentiated goods
✓

Answer

Correct option: A.
Large number of buyers and sellers
A

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