Under which of the following forms of market structure does a firm have no control over the price of its product?

CA Foundation · Business Economics · MTP · April 2025
Under which of the following forms of market structure does a firm have no control over the price of its product?
(A) A. monopoly
(B) B. monopolistic competition
(C) C. oligopoly
(D) D. perfect competition

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. perfect competition

Topics: Price Determination in Different Markets

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