Multiple Choice
Which of the following is not a characteristic of a perfectly competitive market?
A) Firms are price takers.
B) Firms have difficulty entering the market.
C) There are many sellers in the market.
D) Goods offered for sale are largely the same.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q68: When a firm produces 2,000 units of
Q226: Firms operating in perfectly competitive markets try
Q531: Consider a firm that operates in a
Q532: Figure 14-6<br>Suppose a firm operating in a
Q533: If Bradley's Butcher Shop sells its product
Q534: In the short run, a firm operating
Q535: Suppose a firm in each of the
Q538: Figure 14-2<br>Suppose a firm operating in a
Q539: Which of the following industries is most
Q541: Shrimp Galore, a shrimp harvesting business in