Which of These Is NOT a Characteristic of a Competitive

question 193

Multiple Choice

Which of these is NOT a characteristic of a competitive labor market?

• A) Information is widely available and accurate.
• B) Firms are price makers.
• C) No employee is considered special or unique.
• D) There is easy entry into and exit from the market.

---

Definitions:

Profitability

The state or condition of yielding a financial profit or gain.

Advertising

A means of communication with the users of a product or service, often aimed at promoting the sale of goods or services.

Little Information

A situation where there is a lack of sufficient or detailed data to fully understand a topic or make informed decisions.

Media

Various means of communication, including television, radio, newspapers, and the internet, used to disseminate information to the public.