Which of the following is a feature of pure competition?

[1 mark]

Perfect knowledge of the market

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

Perfect mobility of factors

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

Homogeneity of products

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

All of the above

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

Open in App

Solution

The correct option is D All of the above
The features of pure competition are perfect knowledge, perfect mobility of factors, and selling homogeneous products.

Suggest Corrections