Which Characteristic Is an Assumption in a Perfectly Competitive Market

question 102

Multiple Choice

Which characteristic is an assumption in a perfectly competitive market structure?

• A) significant barriers to entry and exit
• B) products with labels
• C) perfect information about the markets
• D) a few large buyers and a few large sellers

---

Definitions:

Long-Term Debt

A financial obligation due for repayment in more than one year's time.

Cash Conversion Cycle

A metric that shows the number of days it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Average Inventory

An accounting metric that estimates the value or quantity of inventory over a period to assess company efficiency.

Accounts Receivable

Funds that customers owe to a business for the products or services received but not yet paid for.