Which of the Following Is NOT a Characteristic of a Perfectly

question 254

Multiple Choice

Which of the following is NOT a characteristic of a perfectly competitive market?

• A)Firms are price takers.
• B)Firms have difficulty entering the market.
• C)There are many sellers in the market.
• D)Goods offered for sale are largely the same.

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Definitions:

Creativity

The ability to generate new ideas, solutions, or innovative approaches.

Novel Ideas

Original or innovative thoughts or concepts that have not been previously considered or explored.

Unique Ideas

Concepts, perspectives, or solutions that are original and distinct from previously known ideas.

Naturalistic

Pertaining to observing and studying behavior in its natural environment without intervention or manipulation.