Which of the Following Statement Is FALSE

question 60

Multiple Choice

Which of the following statement is FALSE?

• A) Perfectly competitive markets are composed of many buyers and sellers.
• B) Some markets may have only a few sellers but exhibit the properties of perfect competition.
• C) A market may be composed of only one buyer and one seller.
• D) All of the above statements are correct.

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Definitions:

Operating Income

Earnings from a company's core business operations, excluding costs and revenues from financing and investments.

Invested Assets

Definition: Assets that are used or held for investment purposes, which may include securities, real estate, and other investment vehicles.

Transfer Price

The price at which divisions of a company transact with each other, such as the trade of supplies or labor between departments.

Operating Income

The profit earned from a firm's normal core business operations, excluding deductions of interest and tax.