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:

Facts

Statements or information that are true and can be verified or proven.

Cognitive Origin

The beginning or root of a thought process in the human mind.

Stereotype

A common, yet rigid and simplified conception of a specific kind of individual or object.

Ethnocentrism

The belief in the superiority of one's own ethnic group or culture, often accompanied by a prejudiced outlook on others.