Business Economics

1: Which of the following refers to perfect competition (i) There are restrictions on buyers and sellers (ii) There are no restrictions on movement of goods (iii) There are no restrictions on factors of production   correct one is
A.

Only (i) and (ii)

B.

Only (ii) and (iii)

C.

Only (i) and (iii)

D.

Only (i)

 

Answer : B

Explanation :

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Option: A

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