Which of the Following Characteristics Is NOT Associated with Imperfectly

question 93

Multiple Choice

Which of the following characteristics is NOT associated with imperfectly competitive markets?

• A)firms are price setters
• B)products are differentiated
• C)firms engage in non-price competition
• D)firms are price takers
• E)firms can shift the demand curve for their product by advertising

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Definitions:

Creativity

The ability to think about something in novel and unusual ways and to devise unconventional solutions to problems.

Big Five Model

A personality framework identifying five core traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotions; individuals tend to seek stimulation and enjoy social interactions.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.