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:

Investment

The allocation of resources with the expectation of generating an income or profit, such as stocks, bonds, or real estate.

Compounded Quarterly

Interest calculation method where the interest is added to the principal four times a year.

Retirement Saving Plan

A financial arrangement designed to save money for retirement, often with tax advantages.

Income

Money received, especially on a regular basis, for work or through investments.