Which of the Following Is Not a Characteristic of a Perfectly

question 488

Multiple Choice

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

• A)There are many buyers and sellers.
• B)Firms can freely enter and exit the market.
• C)Many firms have market power.
• D)Firms sell very similar products.

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Definitions:

Echoing Input

A programming practice where the input provided by a user is displayed back to them, often used for confirmation or debugging.

Programming Practice

A set of guidelines or best practices that are followed to produce high-quality, maintainable code.

NumberFormat

A class in Java that provides methods for formatting and parsing numbers to and from strings in a locale-sensitive manner.

Java.util.Locale

A class in Java that represents a specific geographical, political, or cultural region for tailoring information presentation.