Which of the Following Is Not a Characteristic of Perfect

question 153

Multiple Choice

Which of the following is not a characteristic of perfect competition?

• A)buyers and sellers having no influence on price
• B)there are no barriers to entry or exit
• C)sellers produce and sell a heterogeneous product
• D)buyers and sellers have access to all relevant information
• E)none of the above

---

Definitions:

Survey Research

A method of gathering information from a sample of individuals through their responses to questions, often used in the social sciences.

Group

A group of people who communicate with each other, possess common traits, and together feel a sense of belonging or identity.

National Census

A systematic enumeration of a population, typically conducted by a government, to collect demographic, social, and economic information at a specified time.

Statistics Canada

The national statistical office of Canada, responsible for producing statistics to help better understand the country, its population, resources, economy, society, and culture.