Which of the Following Is Not a Characteristic of a Perfectly

question 135

Multiple Choice

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

• A) Zero economic profit in the long run.
• B) Perfect information.
• C) Homogeneous products.
• D) High barriers.

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Definitions:

Blindsight

A condition in which a person can respond to visual stimuli without consciously perceiving them, often after damage to the primary visual cortex.

Procedural Memory

A type of long-term memory responsible for knowing how to perform various actions and skills, such as riding a bike.

Selective Attention

The process by which a person focuses on one or a few select stimuli while ignoring others, allowing the individual to concentrate on important information.

Reticular Activating System

A network of neurons located in the brainstem that regulates wakefulness and sleep-wake transitions.