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Doctors Medicines MCQs Q&A

  1. The individual firm must have fewer than 10 employees
  2. The individual firm faces a downward-sloping demand curve
  3. The individual firm has assets less than Rs. 20 lakhs
  4. The individual firm is unable to affect market price through its output decisions
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Answer: Option 4

The individual firm is unable to affect market price through its output decisions best describes this smallness.

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