Question

Q10 - Which of the following is a characteristic of a perfectly competitive market?

1. A large number of firms in a market.

2. Selling a standardized product.

3. No barriers to entry.

4. All of the above.

Q11 - Under which conditions might diseconomies of scale result?

1. Hampered coordination brought about by bureaucracy.

2. Decreasing costs of inputs

3. Increasing output prices.

4. Usage of a large amount of indivisible inputs by the firm.

Answer 1

Here option 4 is correct. i.e. All of the Above.
The characteristic of a perfectly competitive market.
Because it includes:
A large number of firms in the market.
Selling a standardized product.
No barriers to entry.

Ans 11.
Here answer 1 is correct.
i.e. Hampered coordination brought about by bureaucracy.
This is the most important condition which might cause diseconomies of scale because in this case bureaucracy creates a lot of change in the system which affects the economics in a negative sense.