Which of the Following Is NOT an Assumption of Perfectly

question 360

Multiple Choice

Which of the following is NOT an assumption of perfectly competitive markets?

• A) many buyers and many sellers
• B) no restriction on entry
• C) complete information about prices
• D) new entrants have higher costs

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Definitions:

Medial Rotation

Medial rotation is a rotational movement toward the midline of the body, typically referring to a movement of the limbs.

Extension

To stretch out.

Anconeus

A small muscle located at the back of the elbow that extends the forearm and assists in elbow joint movements.

Triceps Brachii

A major muscle of the upper arm involved in the extension of the elbow joint.