Which of the Following Is Not a Characteristic of Perfect

question 184

Multiple Choice

Which of the following is not a characteristic of perfect competition?

• A)Firms and consumers all have perfect information about the good and market.
• B)Sellers can enter the market easily.
• C)All goods sold are identical.
• D)All consumers have identical individual demand curves.

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Definitions:

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, utilities, and public institutions.

Technological Resources

Tools and systems that utilize technology to support various activities, including information access, communication, and operational efficiency.

Financial Viability

The ability of an entity or project to generate sufficient revenue to cover its expenses and achieve long-term sustainability.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.