One Characteristic of Perfect Competition Is

question 85

Multiple Choice

One characteristic of perfect competition is:

• A)a differentiated product.
• B)many firms.
• C)restricted entry.
• D)preferred access to resources.

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Definitions:

Investment Account

A financial account held at a financial institution that is used for the purpose of holding and managing investments such as stocks, bonds, mutual funds, and other assets.

Equity Method

An accounting technique used by a company to record its investment in another company when it has significant influence over that company but does not fully control it.

Investment Account

An account held at a financial institution that is used to buy and hold investment assets, such as stocks, bonds, and mutual funds.

Revenue Recognized

Income that a company has earned and reported in its financial statements for a specific period, following accounting principles.