Q: A market, in which there are a large number of firms, homogeneous product, infinite elasticity of demand for an individual firm and no control over price by firms, is termed as
(a)oligopoly
(b)imperfect competition
(c)monopolistic competition
(d)perfect competition
Correct Answer: (d)
The correct answer is (b) 'अपूर्ण प्रतिस्पर्धा'. This question from the General Studies domain tests knowledge of Miscellaneous.