There is no difference between firm and industry in the case of _______.

pure monopoly

No worries! We‘ve got your back. Try BYJU‘S free classes today!

pure oligopoly

No worries! We‘ve got your back. Try BYJU‘S free classes today!

duopoly

No worries! We‘ve got your back. Try BYJU‘S free classes today!

perfect competition

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is C perfect competition
Under perfect competition there is no difference between a firm and an industry because a firm has no power to influence the market price and quantity being a very small unit of the market.

Suggest Corrections

Similar questions

There is no difference between $a \div b$ and $a : b$

Join BYJU'S Learning Program