Economics · Perfect Competition
Which of the following is NOT a characteristic condition of perfect competition?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1An individual seller or buyer can influence the market price✓
- 2Price is determined by industry supply and demand, not by an individual firm
- 3Perfect mobility of factors of production
- 4A large number of buyers and sellers
Correct answer
An individual seller or buyer can influence the market price
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 Perfect Competition MCQs →Want more practice questions on Perfect Competition?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Perfect Competition