alleryMatch mobility term: 1. Factor: p. Mobile 2. Cost: q. Costless 3. Labour: r. Mobile
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
In perfect competition factors of production are mobile and move costlessly between firms and industries.
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