Which of the Following Is Not a Characteristic of a Perfect

question 55

Multiple Choice

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

• A) Price, cost, and quality information are equally distributed.
• B) A nearly infinite set of suppliers compete against one another.
• C) Customers have access to all relevant information worldwide.
• D) It is highly regulated.

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Definitions:

Mammary Glands

Specialized organs in female mammals that produce milk for feeding their young.

Arrector Pili

Small muscles attached to hair follicles that contract to cause hair to stand on end, known as "goosebumps."

Intermediate

Positioned or occurring between two extremes, levels, or points; can also refer to someone or something that is not fully advanced in a skill, process, or knowledge.

Vellus

Fine, light-colored, and barely noticeable hair that covers the majority of the body, different from terminal hair.