Which of the Following Is a Characteristic of Perfect Competition

question 113

Multiple Choice

Which of the following is a characteristic of perfect competition?

• A)easy entry into or exit from the market
• B)a small number of buyers
• C)a high degree of government regulation
• D)a differentiated product
• E)a high degree of collusion

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Definitions:

Non-violent Offenses

Crimes that do not involve the use of any force or injury to the body of another person, such as theft or fraud.

Imprisonment

The act of confining someone in a prison or as if in a prison as a legal punishment.

Embezzlement

A wrongful conversion of another’s funds or property by one who is lawfully in possession of those funds or that property.

Forgery

A criminal falsification by imitating, impersonating, or altering a real document with the intent to deceive or defraud.