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:

Cost

Refers to the value, typically in monetary terms, required to gain, produce, or maintain something.

Gesture Recognition

An input method that interprets human gestures, in an attempt for computers to begin to understand human body language.

Input Technology

Refers to the tools and methods used to input data into a computer system, including keyboards, mice, touch screens, and voice recognition systems.

ALU

Arithmetic Logic Unit, a digital circuit used to perform arithmetic and logic operations that constitute the basis of all computer systems.