Which of the Following Is Not a Characteristic of a Perfectly

question 24

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 to entry.

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Definitions:

Abbreviation

The shortened form of a word or phrase, often used for ease of written or verbal communication.

ENT

An acronym for Ear, Nose, and Throat, a medical specialty focusing on disorders and conditions of these areas.

Abbreviation

A shortened form of a word or phrase, typically used to save space or avoid repetition.

Diagnosis

The process of identifying a disease or condition from its symptoms and medical test results.