Which of the Following Is a Characteristic of Perfect Competition

question 168

Multiple Choice

Which of the following is a characteristic of perfect competition?

• A)many sellers and few buyers
• B)many buyers and few sellers
• C)a heterogeneous product
• D)buyers and sellers having all relevant information
• E)high barriers to entry and exit

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Definitions:

Expected Results

Predicted outcomes of a particular action or business strategy, usually based on data analysis or historical performance.

Actual Results

The real outcomes or data collected after an event has occurred, often compared to forecasts or expectations to assess performance.

Internal Rate

Often referred to as the Internal Rate of Return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Company's Rate

The rate at which a company borrows or lends money, often specific to its cost of capital or interest rates.