Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:A firm under perfect competition has no control over price of the product.
Answer» Yes. Under perfect competition, there are large number of buyers and sellers of a homogeneous product. No single seller by changing his supply can influence the price.

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