Which Characteristic Does Not Describe a Perfectly Competitive Market

question 3

Multiple Choice

Which characteristic does not describe a perfectly competitive market?

• A)Firms produce identical or nearly identical products
• B)Market price is beyond the control of any individual firm
• C)A firm's demand curve is perfectly horizontal at the market price
• D)Industry-level price elasticity is finite
• E)Firm-level price elasticity of demand facing another perfect competitor is infinite

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