A. Seller is allowed to fix his own price
B. Buyers and sellers are price takers
C. New entrances are restricted
D. There is only one seller of the commodity
Correct Answer: Option B
B. Buyers and sellers are price takers
A. Seller is allowed to fix his own price
B. Buyers and sellers are price takers
C. New entrances are restricted
D. There is only one seller of the commodity
Correct Answer: Option B
B. Buyers and sellers are price takers
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