menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Principles Study Set 1
  4. Exam
    Exam 7: Economic Growth
  5. Question
    A Key Characteristic of Competitive Markets Is the Ability of Firms
Solved

A Key Characteristic of Competitive Markets Is the Ability of Firms

Question 111

Question 111

True/False

A key characteristic of competitive markets is the ability of firms to open and close businesses without unnecessary restrictions or other burdens.

Correct Answer:

verifed

Verified

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

Related Questions

Q106: Compare and contrast the tangible and intangible

Q107: Economic growth typically results in longer life

Q108: Which factor is NOT generally viewed by

Q109: In which situation is a country LEAST

Q110: Annualized growth data excludes seasonal variations in

Q112: Long-run economic growth can be achieved by

Q113: If it will take 10 years for

Q114: Higher productivity leads to lower levels of

Q115: The government decides to give tax-exempt status

Q116: Which statement about the Rule of 70

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