Which of the Following Is NOT a Characteristic of Perfectly

question 65

Multiple Choice

Which of the following is NOT a characteristic of perfectly competitive market?

• A)there are many sellers.
• B)the product is homogeneous
• C)there are barriers to entry
• D)all of the above

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Definitions:

Perceptual Features

Characteristics of objects in our environment that we can perceive through our senses, such as shape, color, texture, and size.

Varying Conditions

Different or changing states, circumstances, or situations.

Partial Views

Observations or perceptions that only capture a portion of the whole, often leading to incomplete understanding.

Mondegreen

A misheard or misinterpreted phrase, typically in a song or poem, that gives it a new meaning.