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.

---

Definitions:

CITES

An international accord, the Convention on International Trade in Endangered Species of Wild Fauna and Flora, focuses on protecting wildlife species from extinction by regulating their trade across borders.

Illegal Wildlife Trade

The unlawful buying and selling of wildlife products or live animals, contributing to the endangerment and extinction of species globally.

Member Countries

Nations that are part of an international organization or agreement.

Tropical Forests

Tropical Forests are dense forests located in the equatorial zone, characterized by high biodiversity, a warm climate, and significant annual rainfall.