menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Economics and Business Strategy Study Set 1
  4. Exam
    Exam 7: The Nature of Industry
  5. Question
    In Perfect Competition,which Is NOT True
Solved

In Perfect Competition,which Is NOT True

Question 108

Question 108

Multiple Choice

In perfect competition,which is NOT true?


A) Every firm has a small but perceivable market power.
B) There are a large number of firms.
C) Firms are price-takers.
D) Firms produce homogenous goods.

Correct Answer:

verifed

Verified

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

Related Questions

Q103: The Lerner index in the paper industry

Q104: Which of the following industry structures would

Q105: Suppose each of the 50 states had

Q106: Suppose that the demand in a particular

Q107: The causal view of an industry is

Q109: According to the U.S.Department of Justice Merger

Q110: In the 1960s,each firm in the computer

Q111: Suppose each of the 50 states had

Q112: Suppose each of the 50 states had

Q113: Alpha Industries operates in a highly competitive

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