Which of the Following Is NOT a Characteristic of a Perfectly

question 329

Multiple Choice

Which of the following is NOT a characteristic of a perfectly competitive industry?

• A) There are many firms.
• B) There are no restrictions on entry into the market.
• C) Each firm produces a slightly differentiated product.
• D) Each firm takes price as given, determined by the equilibrium of industry supply and industry demand.

Understand the role of geographical and reproductive isolation in the process of speciation.

Recognize the impact of environmental changes on species and ecosystems, including mass extinction events.

Discuss the significance of genetic engineering in solving environmental problems and improving species’ survivability.

Understand the features and significance of weather patterns and phenomena.