Which of the Following Is a Characteristic of Pure Competition

question 158

Multiple Choice

Which of the following is a characteristic of pure competition?

• A)a large number of small firms
• B)all the firms in the market sell similar products
• C)entry into and exit from the market is easy
• D)buyers and sellers in the market are well-informed about the product
• E)all of the above

Understand the factors contributing to the riskiness of credit policies in international finance, including exchange rate considerations and creditworthiness of foreign customers.

Comprehend the effects of currency appreciation and depreciation on purchasing power and trade balances.

Grasp the concept of Eurocurrency and its characteristics, including deposit locations and market duration.

Identify the challenges and strategies related to political risk and expropriation in international finance.