Question

Read the following Assertion and Reason and choose the correct answer.

Assertion (A): In perfect competition buyer is price take.

· Reason (R): A single buyer represents a very small portion of the market demand.

(a) Both Assertion (A) and Reason(R) are true and Reason (R) is the correct explanation of

Assertion (A).

(b) Both Assertion (A) and Reason(R) are true and Reason (R) is not the correct explanation

of Assertion (A).

(c) Assertion (A) is true but Reason(R) is false

(d) Assertion (A) is false but Reason (R) is true.​

Answer 1

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