In the context of perfect competition, which one of the following is not correct? Option 1: Firm has full control over price. Option 2: Horizontal straight line demand curve of the firm. Option 3: Freedom of entry and exit. Option 4: Selling costs do not exist.

The answer is 'Firm has full control over price.'. View full solution:

CUET Economics - In the context of perfect competition, which one of the following is not correct? | PYQs + Solutions

CUET Economics 2025 3 June Shift 1

Micro

Medium

Firm has full control over price.

Horizontal straight line demand curve of the firm.

Freedom of entry and exit.

Selling costs do not exist.

✅ Correct Option: 1