Which of the Following Is NOT a Condition of a Perfect

question 4

Multiple Choice

Which of the following is NOT a condition of a perfect competition:

• A)products produced by rival firms are perfect substitutes
• B)a single firm cannot affect market supply
• C)unrestricted entry and exit
• D)industry sales are small
• E)each firm has complete knowledge about production and prices

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Definitions:

Screening Process

A preliminary procedure used to identify individuals at high risk of a condition or disease, often before symptoms appear.

Interest Inventories

Psychological assessment tools designed to evaluate an individual's preferences, interests, and areas of potential satisfaction in work or leisure activities.

Specific Aptitude Tests

A type of aptitude test which focuses on one aspect of ability.

Value Inventories

Assessments designed to measure a person's values, beliefs, and priorities in various areas of life.