Which of the Following Are NOT Characteristics of a Competitive

question 86

Multiple Choice

Which of the following are NOT characteristics of a competitive market?

• A) There is freedom of entry and exit.
• B) There are zero transaction costs.
• C) There are only one or two sellers.
• D) Buyers and sellers have complete information.

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the company, reducing the amount of outstanding stock on the open market.

Investing Activities

Financial activities related to the purchase and sale of long-term assets and investments, not including cash reserves.

Investing Activities

Part of the cash flow statement that shows the cash spent or received from investment activities, including purchases and sales of physical assets or investments in securities.

Financing Activities

Transactions related to raising funds or repaying borrowed funds, as reported in the statement of cash flows.