Which of the Following Is a Characteristic of Perfect Competition

question 125

Multiple Choice

Which of the following is a characteristic of perfect competition?

• A)large barriers to entry 
• B)a small number of firms 
• C)firms selling unique goods 
• D)None of the above is correct.

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Definitions:

Dream Analysis

A psychoanalytic technique that interprets the content of dreams to uncover underlying thoughts and feelings.

Life-History Reconstruction

The therapeutic process that involves reviewing and understanding one's past experiences to gain insight into current behavior.

Extraverted

Characterized by an outgoing, sociable, and assertive personality, often deriving energy from being around others.

Introverted

Describes a person who tends to be inward-turning, focusing on internal thoughts and feelings rather than seeking external stimulation.