Which of the Following Is Not a Characteristic of a Perfectly

question 536

Multiple Choice

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

• A)Firms are price takers.
• B)Firms have difficulty entering the market.
• C)There are many sellers in the market.
• D)Goods offered for sale are largely the same.

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Definitions:

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, loss, or anger that interfere with daily activities.

Obsessive-compulsive Disorder

A psychiatric disorder marked by intrusive thoughts that produce uneasiness, apprehension, fear, or worry; and by repetitive behaviors aimed at reducing the associated anxiety.

Neuroleptic Drugs

A class of medications used primarily to treat psychiatric disorders, such as schizophrenia, by modifying neurotransmitter levels in the brain.

Schizophrenic Symptoms

These are manifestations of schizophrenia and may include hallucinations, delusions, disordered thinking and speech, and impaired social functioning.