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प्रश्न
Imperfect competition is most likely to exist when ______.
पर्याय
All firms sell identical products at one uniform price
Buyers and sellers have full information about prices and quality
At least one condition of perfect competition is not fulfilled
There is free entry and exit of firms
MCQ
रिकाम्या जागा भरा
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उत्तर
Imperfect competition is most likely to exist when at least one condition of perfect competition is not fulfilled.
Explanation:
Imperfect competition arises when any one of the conditions of perfect competition, such as identical products, perfect information, or free entry and exit, is violated.
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