CUET Economics - Which 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: | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Medium

(A), (B) and (D) only

(A), (B) and (C) only

(A) and (C) only

(B) and (C) only

✅ Correct Option: 3

Related questions:

29 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Perfect Competition	(I) No change in equilibrium price
(B) Increase in Demand= Decrease in Supply	(II) Price taking Behavior
(C) Increase in Demand > Decrease in Supply	(III) Decrease in equilibrium price
(D) Increase in Supply > Decrease in Demand	(IV) Increase in equilibrium price

Choose the correct answer from the options given below:

29 May Shift 2

The demand curve that a firm faces in a perfectly competitive market is...........

22 May Shift 1

What is change in price?

CUET Economics 2025 29 May Shift 1 PYQs