Multiple Choice
Which of the following is NOT a characteristic of a perfectly competitive market?
A) Each firm in the market sells a somewhat different variant of the good.
B) There are many sellers, each of which sells only a small fraction of the total quantity exchanged.
C) Buyers and sellers are well-informed.
D) Sellers can easily buy and sell the productive resources needed to enter the market.
Correct Answer:
Verified
Correct Answer:
Verified
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