Which of the Following Is NOT a Characteristic of Competitive

question 45

Multiple Choice

Which of the following is NOT a characteristic of competitive markets?

• A) They produce a standardized product.
• B) Purchases and sales of individual traders are small relative to the total volume traded.
• C) Prices adjust quickly.
• D) There are relatively few sellers.

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Definitions:

New York

A state in the northeastern U.S., known for its cultural, financial, and media capital, New York City, which encompasses iconic sites like the Statue of Liberty, Empire State Building, and Central Park.

Lynching

An extrajudicial killing by a group, primarily used in the United States to describe the murder of African Americans by mob action.

Black Women's Clubs

Organizations formed in the late 19th and early 20th centuries by African American women to address issues of civil rights, education, and welfare in their communities.

Segregation

describes the enforced separation of different racial, ethnic, or social groups within a society.