Solved

Which of the Following Would Prevent a Market from Being

Question 61

Multiple Choice

Which of the following would prevent a market from being classified as perfectly competitive?


A) there are many buyers and sellers in the market
B) it is easy for new firms to enter the market
C) it is easy for existing firms to exit the market
D) buyers perceive significant differences among the products of different sellers
E) each buyer purchases only a tiny fraction of the total market quantity

Correct Answer:

verifed

Verified

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

Related Questions