Assertion A A perfectly competitive firm is not a price maker but is a price taker nbsp nbsp 2 marks......

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Assertion (A) : A perfectly competitive firm is not a price- maker but is a price-taker. (2 marks)

Reason (R) : The firm is interested in deciding the level of output only.

Codes :

Both (A) and (R) are true.

Both (A) and (R) are false.

(A) is false, while (R) is true.

(A) is true, but (R) is not a correct explanation of (A).

Explanation:

(A) is true, but (R) is not a correct explanation of (A).

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