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

Related questions:

21 May Shift 1

In perfectly competitive market, the demand curve of a firm is?

13 May Shift 1

With 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.

(D) At new equilibrium, quantity and price will be less.

Choose the correct answer from the options given below:

3 June Shift 1

Identify the incorrect statement regarding price flooring:

CUET Economics 2025 3 June Shift 1 PYQs