Which of the Following Is a Characteristic of a Perfectly

question 114

Multiple Choice

Which of the following is a characteristic of a perfectly competitive market?

• A) a large number of firms in a market
• B) selling a standardized product
• C) no barriers to entry
• D) all of the above

---

Definitions:

Increase Emissions

Refers to a rise in the release of pollutants into the atmosphere from sources such as vehicles, industries, or machines.

ASE Certified

A certification by the National Institute for Automotive Service Excellence indicating a high level of competency in various aspects of automotive repair and service.

ATA Technology

ATA (Advanced Technology Attachment) is a standard disk drive interface that connects storage devices like hard drives to a computer's motherboard.

Maintenance Council

An organization or group that sets standards and practices for the maintenance and repair of vehicles or machinery.