Which of the Following Is Not a Characteristic of a Perfectly

question 536

Multiple Choice

Which of the following is not a characteristic of a perfectly competitive market?

• A)Firms are price takers.
• B)Firms have difficulty entering the market.
• C)There are many sellers in the market.
• D)Goods offered for sale are largely the same.

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Definitions:

Self-Control

The proficiency in governing one's emotional responses, intellectual activities, and conduct in situations of temptation and impulse.

Low Personal Control

A perception or belief that one has little influence or control over the events in their life, often associated with feelings of helplessness.

External Locus of Control

The belief that one's life outcomes are determined by external forces or events beyond their personal control.

Condom

A barrier device commonly used during sexual intercourse to reduce the risk of pregnancy and sexually transmitted infections (STIs).