Economics · Market Structures
Which of the following assumptions define the structure of Pure Competition as distinguished from Perfect Competition? 1. Large numbers of sellers and buyers 2. Product homogeneity 3. Free entry and exit of firms 4. Profit maximisation 5. No government regulation 6. Perfect mobility of factors of production 7. Perfect knowledge
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11, 2 and 3 only✓
- 21, 2, 3 and 4 only
- 31, 2, 3, 5 and 6 only
- 45, 6 and 7 only
Correct answer
1, 2 and 3 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Market Structures MCQs →Want more practice questions on Market Structures?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Market Structures