Which of the Following Is Not a Characteristic of a Perfectly

question 119

Multiple Choice

Which of the following is not a characteristic of a perfectly competitive market?

• A)There is free entry and exit.
• B)There are many buyers and sellers.
• C)Sellers must accept the price the market determines.
• D)Different sellers sell differentiated products.

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Definitions:

National Government

A political organization having central governmental powers over a nation or state, responsible for administering and governing the country.

Unlike Charges

Opposite electric charges (positive and negative), which attract each other according to Coulomb's law.

Attraction

The force that causes one object to pull another object to itself.

Repulsion

The force that causes one object to push another object away from itself.