Which of the Following Is Not a Characteristic of Perfect

question 54

Multiple Choice

Which of the following is not a characteristic of perfect competition?

• A) buyers and sellers having no influence on price
• B) no barriers to entry and exit
• C) a heterogeneous product
• D) buyers and sellers having all relevant information
• E) none of the above

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Definitions:

Australian Dollar

The currency of Australia, which is also used by several other Pacific Island nations.

Exchange Rate

The value at which one currency can be exchanged for another currency, which can be determined by the market or specified by the government.

U.S. Dollars

The official currency of the United States, used as a standard monetary unit for transactions.

Japanese Yen

The official currency of Japan, abbreviated as JPY.