All of the Following Are Characteristics of a Perfectly Competitive

question 394

Multiple Choice

All of the following are characteristics of a perfectly competitive market EXCEPT

• A) homogeneous products.
• B) large number of buyers and sellers.
• C) buyers and seller have equal access to information.
• D) high barriers to entry and exit.

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Definitions:

Job Satisfaction

The level of contentment employees feel about their work, which can influence their productivity and overall well-being.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time as the result of two different eggs fertilized by two different sperm.

Monozygotic Twins

Twins that are genetically identical because they were formed from the same zygote splitting into two separate embryos.

Human-Relations Approach

A management strategy focusing on improving interpersonal skills, worker satisfaction, and the dynamic between employees and management to enhance productivity.