menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    The Macro Economy Today Study Set 1
  4. Exam
    Exam 9: Competitive Markets
  5. Question
    Which of the Following Is Not a Characteristic of a Perfectly
Solved

Which of the Following Is Not a Characteristic of a Perfectly

Question 135

Question 135

Multiple Choice

Which of the following is not a characteristic of a perfectly competitive market?


A) Zero economic profit in the long run.
B) Perfect information.
C) Homogeneous products.
D) High barriers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: A profit-maximizing producer seeks to<br>A)Maximize profit per

Q83: In which of the following cases would

Q96: The behavior expected in a competitive market

Q112: If price is above the long-run competitive

Q114: Most product markets are perfectly competitive.

Q131: When an athletic shoe company is producing

Q132: Perfectly competitive firms are heavy advertisers because

Q136: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5718/.jpg" alt=" Refer to Figure

Q139: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5718/.jpg" alt=" In Figure 23.3,

Q140: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5718/.jpg" alt=" Refer to Figure

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines