Theory of Demand
Quick practice
Question 1 of 5
Assertion (A): In perfect competition market structure, there are large numbers of buyers and sellers and there is perfect knowledge about the market among them.
Reasoning (R): In perfect competition, there is no advertisement cost involved that has to be borne by sellers.
A
(A) is incorrect but (R) is correct
B
(A) is correct but (R) is incorrect
C
(A) and (R) is correct and (R) is correct explanation of (A)
D
(A) and (R) is correct but (R) is not the correct explanation of (A)
Get unlimited practice with NTA-UGC-NET & SET Exams subscription
Boost your performance with adaptive practice tests
Practice every concept in the syllabus
Compare your speed and accuracy with your peers
Download the app and practice on the go