Multiple Choice
One characteristic of perfect competition is:
A) a differentiated product.
B) many firms.
C) restricted entry.
D) preferred access to resources.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q76: The market for sweet potatoes consists
Q77: In the long run, free entry drives
Q78: In a perfectly competitive industry, individual firms
Q79: For an entire perfectly competitive industry, which
Q80: Each firm in a perfectly competitive
Q81: In an increasing cost industry, the long-run
Q82: Sunk costs affect the shutdown price in
Q83: The short-run market supply curve is derived
Q84: Which of the following is not an
Q86: In a long-run perfectly competitive equilibrium,