CUET Economics 2025 27 May Shift 2Micro > EasyRivalrous and excludable.Rivalrous and non-excludable.Non-rivalrous and non-excludable.Non-rivalrous and excludable.✅ Correct Option: 3Related questions:20th May Shift 1Choose the correct option(s) with respect to free entry and exit assumption of a perfectly competitive market. (A) At equilibrium, no firm earns supernormal profit. (B) As new firms enter the market, the supply curve shifts leftward. (C) Equilibrium price will be equal to the minimum average cost. (D) At equilibrium, no firm incurs losses by remaining in production. Choose the correct answer from the options given below:3 June Shift 1Identify the incorrect statement regarding price flooring:29 May Shift 2Identify the incorrect option from the following related to a perfectly competitive market.