Which of the Following Is Not Characteristic of Perfect Competition

question 104

Multiple Choice

Which of the following is not characteristic of perfect competition?

• A)many buyers and sellers
• B)brand name advertising
• C)standardized products
• D)fully informed buyers and sellers
• E)free entry and exit of firms

---

Definitions:

Opiates

Natural or synthetic substances that are used for their pain-relieving properties, but can also lead to addiction and abuse.

Heroin

A highly addictive opioid drug derived from morphine, often used illicitly for its euphoric effects.

Problems Associated

Issues or difficulties related to a particular subject, situation, or condition that may require attention or resolution.

Night Terrors

A sleep disorder causing feelings of panic or dread, typically occurring during non-REM sleep stages and resulting in loud screams or movements.