Which of the Following Is Not a Characteristic of a Perfect

question 55

Multiple Choice

Which of the following is not a characteristic of a perfect competitive market?

• A) Price, cost, and quality information are equally distributed.
• B) A nearly infinite set of suppliers compete against one another.
• C) Customers have access to all relevant information worldwide.
• D) It is highly regulated.

---

Definitions:

Common Perception

A widely held view or understanding about a particular thing or situation.

Future Favors

The expectation or hope of receiving help or benefits from others in the future, often as a result of providing help earlier.

Categorical Imperative

A foundational concept in ethics introduced by philosopher Immanuel Kant, which dictates that actions should be performed according to a universal law that everyone could follow.

Ethical Philosophy

Ethical philosophy explores the fundamental questions of right and wrong, virtue and vice, and moral responsibility.