Which of the Following Characteristics of Perfect Competition Does Not

question 142

Multiple Choice

Which of the following characteristics of perfect competition does not apply in monopolistic competition?

• A)free entry and exit 
• B)homogeneous products 
• C)numerous participants 
• D)perfect information

---

Definitions:

Corroboration

Confirmation or support of a statement, theory, or finding, often with additional evidence or testimony.

Comparable Worth

A principle stating that jobs of equal value to an organization should receive equal pay, even if they are quite different in nature.

United States

A country located in North America, comprised of 50 states, a federal district, five major self-governing territories, and various possessions.

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.