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:30 May Shift 1Arrange the stages of price determination in a perfect competition market: (A) Estimate the market demand and supply. (B) Firms adjust production to maximize profit. (C) Equilibrium price is established. (D) Short-run profit attracts new firms. Choose the correct answer from the options given below:29 May Shift 1Which of the following are features of the perfect competition market? (A) Price taking behavior of firms. (B) Restriction on entry and exit of firms. (C) Large number of sellers and buyers. (D) Asymmetric Information. Choose the correct answer from the options given below:13 May Shift 1With the shifting demand curve leftward, arrange the following statement in sequential order. (A) At any given price, demand is less. (B) Excess supply will be there. (C) Some producers will decrease the prices of commodity. (D) At new equilibrium, quantity and price will be less. Choose the correct answer from the options given below: