CUET Economics 2025 28 May Shift 2Micro > EasyOnly sellers can influence the market by their size.Individual buyer or seller can influence the market by their size.Each individual buyer and seller is very large compared to the size of the market.Each individual buyer and seller is very small compared to the size of the market.✅ Correct Option: 4Related questions:CUET Economics 14 May Shift 1Under perfect competition if firms earn supernormal profits. Arrange following statements to arrive at the implication of free entry and exit of firms (A) Market price fall in such a manner that firms will be earning normal profits only and thus no more firms will have incentive to enter the market. (B) Some new firms will enter the market (C) At the prevailing market price, each firm is earning supernormal profit. (D) Demand remains unchanged but the market supply curve shifts rightwardCUET Economics 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:CUET Economics 30 May Shift 1Match List-I with List-II List-IList-II(A) Control Price(I) Set below the equilibrium price(B) Floor Price(II) Fixed by the government for the labourers(C) Minimum Wage Legislation(III) Set above the equilibrium price(D) Market Equilibrium(IV) when demand and supply curve intersect. Choose the correct answer from the options given below: