ECO401 – Economics
In ECO401 Economics we have you covered with Digitized Past Papers From Fall of Mid Term and Final Term.
NOTE: Click on Preparation Tab to take the MCQ’s Tests.
ECO401 Final Term Paper Session-2 View Download
ECO401 Final_current quizzes 500+WAJID MALIK View Download
ECO401_Final current quizzes 700 by Afaaq View Download
ECO401_Final current quizzes700 View Download
ECO401_Final PAPER 3 View Download
ECO401_Final PAPER 4 View Download
ECO401_Final paper5 View Download
ECO401_Final Quiz mega 1 to 40 solved by ashiq View Download
POSTED DATE:27-01-2019 GDB IDEA SOLUTION
Four types of market structure
in our case there is a perfect competition because so many sellers having fanatical or same products. which are characteristics of perfect competition.
Pure or perfect competition is a theoretical market structure in which the following criteria are met: all firms sell an identical product (the product is a “commodity” or “homogeneous”); all firms are price takers (they cannot influence the market price of their product); market share has no influence on price; buyers have complete or “perfect” information – in the past, present and future – about the product being sold and the prices charged by each firm; resources such a labor are perfectly mobile; and firms can enter or exit the market without cost.
ECO401– Practice Quiz 1
ECO401– Practice Quiz 2
ECO401– Practice Quiz 3
ECO401– Practice Quiz 4
ECO401– Practice Quiz 5