In Perfect Competition, Which Is Not True

question 116

Multiple Choice

In perfect competition, which is not true?

• A)Both concentration ratios and Rothschild indexes tend to be close to zero.
• B)There are a large number of firms, and each is small relative to the entire market.
• C)At least one firm has a perceptible impact on the market price.
• D)Firms produce homogenous goods.

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