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प्रश्न
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
विकल्प
True
False
उत्तर
This statement is True.
Explanation:
In a completely competitive market, all firms sell identical items, which means they are perfect substitutes for one another. Consumers consider items from different companies as unrelated, with no differences in quality or features.
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Perfect knowledge
