Choose the correct option : Under perfect competition, sellers are :(a) Price makers(b) Price takers(c) Price discriminators(d) None of theseOptions :

Q.1 (A) (ii) Choose the correct option : Under perfect competition, sellers are :

(a) Price makers
(b) Price takers
(c) Price discriminators
(d) None of these

Options :

A. (1) a, b and c

B. (2) Only b

C. (3) Only c

D. (4) a and c

Doubtly Asked 29 Oct 2026 Board exam · July 2025 hsc 12th Save WhatsApp Report

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Answer: B. (2) Only b

Answer: (2) Only b

Under perfect competition there are a very large number of sellers selling a homogeneous product. Price is fixed by the industry through market demand and market supply, and each firm accepts that price. So a firm is a price taker, not a price maker. Price discrimination is possible only under monopoly.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Choose the correct option : Under perfect competition, sellers are :(a) Price makers(b) Price takers(c) Price discriminators(d) None of theseOptions :

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