Which of the Following Is Not a Characteristic of a Perfectly

question 122

Multiple Choice

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

• A) Firms are price takers.
• B) Firms can freely enter the market.
• C) Many firms have market power.
• D) Goods offered for sale are largely the same.

---

Definitions:

Mutation

A random error in gene replication that leads to a change.

Natural Selection

The process by which organisms that are better adapted to their environment survive and reproduce more successfully than less well-adapted organisms.

Initiate Sexual Activity

To begin or start a sexual act or encounter.

Masturbate

The act of sexually stimulating oneself, often leading to orgasm.