CUET Economics 2026 19th May Shift 2 PYQs

Which of the following is NOT a condition for profit maximization of a perfectly competitive firm in the short run?

Which of the following combinations are correct about perfectly competitive market?

A. Large number of buyers and sellers.

B. Heterogenous product.

C. Free entry and exit.

D. Price is equal to marginal cost.

Choose the correct answer from the options given below:

The government-imposed lower limit on the price that may be charged for a particular good or service. What this lower limit is called ?