Which of the Following Is Not a Characteristic of a Competitive

question 39

Multiple Choice

Which of the following is not a characteristic of a competitive market?

• A) All of these answers are characteristics of a competitive market.
• B) There are many buyers and sellers in the market.
• C) The goods offered for sale are largely the same.
• D) Firms generate small but positive economic profits in the long run.
• E) Firms can freely enter or exit the market.

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Definitions:

Encore brides

Encore brides are women who are getting married for the second time or more, often implying a subsequent chance at happiness in marriage.

Custodial fathers

Fathers who have been granted primary legal and physical custody of their children following a separation or divorce.

Divorced mothers

Women who have legally ended their marriages and are responsible for caring for their children as single parents.

Nontraditional family

A family structure that differs from societal norms, such as single-parent families or families with same-sex parents.