MCQOPTIONS
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| 1. |
With respect to the conduct and performance of a company, 'perfect competition' refers to |
| A. | Large number of small firms producing differentiated products |
| B. | Complete freedom in economic life and absence of rivalry among firms |
| C. | Many companies selling similar products with free entry |
| D. | Sole producer selling a distinct product |
| Answer» D. Sole producer selling a distinct product | |