CUET Economics - Which of the following is not a feature of perfect competition? | PYQs + Solutions

CUET Economics 2025 16 May Shift 1

Micro

Easy

The market consists of a large number of buyers and sellers

The product of one firm can be differentiated from the product of other firms.

Entry into the market as well as exit from the market are free for firms.

perfect information

✅ Correct Option: 2

Related questions:

20th May Shift 1

Choose the correct option(s) with respect to free entry and exit assumption of a perfectly competitive market.

(A) At equilibrium, no firm earns supernormal profit.

(B) As new firms enter the market, the supply curve shifts leftward.

(D) At equilibrium, no firm incurs losses by remaining in production.

Choose the correct answer from the options given below:

13h May Shift 2

Match List-I with List-II

List-I	List-II
(A) Price-takers	(I) Break-even point.
(B) Price less than minimum point of AVC curve	(II) Normal profit.
(C) A firm earns normal profit	(III) Perfectly Competitive Market.
(D) A firm covers the explicit costs and opportunity costs	(IV) Shut down point.

Choose the correct answer from the options given below:

27 May Shift 2

Public goods, as distinct from private goods, are collectively consumed. Two important features of public goods are:

CUET Economics 2025 16 May Shift 1 PYQs