Which of the Following Is Not a Characteristic of a Perfectly

question 2

Multiple Choice

Which of the following is not a characteristic of a perfectly competitive market

• A)buyers and sellers are well informed about the market
• B)standardized product
• C)many buyers and few sellers
• D)easy exit out of the industry
• E)easy entry into the industry

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Definitions:

Original Order

The primary or initial instruction or request made before any changes or alterations.

Packing Slip

A document included with a shipment that lists all of the items being delivered, used for verification and inventory purposes.

Shipment

The act of sending goods or cargo from one place to another, usually by sea, air, or land transport.

Graphic Symbols

Visual symbols used to represent ideas, objects, or actions; employed in various forms of communication like signs, maps, and designs.