A market, in which there are a large number of firms, homogeneous product, infinite elasticity of demand for an individual firm and no control over price by fir

Question

A market, in which there are a large number of firms, homogeneous product, infinite elasticity of demand for an individual firm and no control over price by firms, is termed as

Accepted Answer

(D) perfect competition

Answer

(A) Oligopoly

Answer

(B) imperfect competition

Answer

(C) Monopolistic competition