Which of the Following Is NOT an Assumption of Perfect

question 447

Multiple Choice

Which of the following is NOT an assumption of perfect competition?

• A) many firms
• B) many buyers
• C) restrictions on entry into the market
• D) each firm sells an identical product

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Definitions:

Bangladesh

A country in South Asia, characterized by its large population, dense urbanization, and vulnerability to climate change, especially flooding.

Automobile Companies

Businesses involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

Mexico

A country in North America, known for its rich cultural heritage, diverse landscapes, and as a significant contributor to the global economy.

Global Warming

The long-term increase in Earth's average surface temperature due to human activities, primarily the emission of greenhouse gases.