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• Statement 1 is correct as firms in a perfectly competitive market sell identical products. • Statement 2 is incorrect because firms in perfect competition are price takers and do not have control over the market price. • Statement 3 is correct because in perfect competition, there are no barriers to entry or exit, allowing firms to freely enter or leave the market. • Statement 4 is correct because in the long run, firms in perfect competition earn normal profits, as the entry of new firms drives economic profits to zero.
The corporate insolvency resolution process shall be completed _______________ from the date of admission of the application to initiate such process
The State shall provide free and compulsory education to all children of the age of ___________________ in such manner as the State may, by law, determine
Under the Recovery of Debts and Bankruptcy Act where a bank or a financial institution has to recover any debt from any person, it may make an applicati...
What is the punishment for a Public Servant if he dishonestly or fraudulently misappropriates or otherwise converts for his own use any property entrust...
Except in case of death or disablement due to accident or disease of an employee the eligibility condition for obtaining gratuity under Payment of Grat...
Amendment of pleading can be permitted_____.
Which of the following statements correctly describes the term "decree" as defined under CPC?
Who among the following cannot be appointed as member of Securities Appellate Tribunal?
What is the age of majority in India as per the law?
Under what article of the Constitution of India can the President take over the administration of a state in case its constitutional machinery breaks do...
