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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.

Answer:   B) Average total costs continually decrease.



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
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