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Consider the following statements for the perfect market Which of the...

This question belongs to Management Labour And Social Welfare
Labour and Social Welfare
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Consider the following statements for the perfect market. Which of the following statement(s) is/are correct?
1. All the buyers and sellers have freedom to make entry or exit at any time in the market.
2. There are a large number of small undifferentiated buyers.
3. A single price prevail in the market.

Answer & Solution
Correct Answer: Option D
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