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Economics - Microeconomics - Market structures - perfect competition - Perfect Competition Quiz
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Economics - Microeconomics - Market structures - perfect competition - Perfect Competition Quiz

vivmagarwal
vivmagarwalJan 29, 2026

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8 questions. Q1: 'In perfect competition, a firm is a price ___' (Taker). Q2: 'The demand curve facing a perfectly competitive firm is ___' (Horizontal/perfectly elastic). Q3: 'Firms maximize profit where ___' (MC = MR). Q4: 'In perfect competition, MR equals ___' (Price). Q5: 'In the long run, econ

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EconomicsMicroeconomicsClass 12, A Level, Class 12, DP Grade 12, Grade 12

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