Which of the Following Is Not a Characteristic of Perfect

question 19

Multiple Choice

Which of the following is not a characteristic of perfect competition?

• A)The industry is fragmented.
• B)Firms produce undifferentiated products.
• C)Consumers have imperfect information.
• D)Firms have equal access to resources.

---

Definitions:

Accounts Receivable Ratio Formula

A financial metric used to evaluate how efficiently a company is managing its receivables and how quickly it turns them into cash.

Average Monthly Gross Production

The total production or output of a company or industry, averaged over a month, before deductions for costs or expenses.

Income Statement

A statement that demonstrates the profit and expenses for a given month and also includes year-to-date information for a given year.

Year-To-Date Information

Data gathered or accumulated from the beginning of the current calendar or fiscal year up to the present date.