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Perfectly Competitive market condition

In which market condition, the effect of an individual seller is (0) zero?

Answer: In Perfectly Competitive market condition.

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    Q : Define Indirect taxes Indirect taxes :

    Indirect taxes: Whenever the liability to pay tax is on one person and the burden of that tax falls on another person, it is termed as indirect tax. Illustrations are: sales tax, excise duty, VAT, tax on services and so on.