menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Theory with Applications
  4. Exam
    Exam 8: The Theory of Perfect Competition
  5. Question
    All of the Following Assumptions Apply to Perfect Competition Except
Solved

All of the Following Assumptions Apply to Perfect Competition Except

Question 70

Question 70

Multiple Choice

All of the following assumptions apply to perfect competition except:


A) perfect resource mobility.
B) costly information.
C) product homogeneity.
D) large numbers.

Correct Answer:

verifed

Verified

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

Related Questions

Q65: Suppose the variable cost to produce quantity

Q66: There are 100 identical demanders of product

Q67: In most markets, prices are determined when

Q68: A price taking firm that has TC

Q69: What is meant by a Pareto optimal

Q71: In a competitive equilibrium, the market price

Q72: A firm will not produce in a

Q73: A market is composed of five demanders

Q74: In the long run a competitive firm

Q75: The market demand is given by P

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