Which One of the Following Does Not Occur in Perfect

question 11

Multiple Choice

Which one of the following does not occur in perfect competition?

• A)No single firm can exert a significant influence on the market price of the good.
• B)There are many buyers.
• C)There are significant restrictions on entry into the market.
• D)Sellers and buyers are well informed about prices.
• E)Established firms have no advantage over new ones.

---

Definitions:

National Convention

A large gathering held by political parties every four years to nominate presidential and vice-presidential candidates, adopt platforms, and unite supporters.

Presidential Nominee

The candidate chosen by a political party to compete for the presidency in a national election.

Caucus Method

A method of selecting political candidates or making policy decisions, usually within a political party or a legislative body, involving meetings of supporters or representatives.

Delegate Selection

The process by which political parties choose representatives (delegates) to attend their national conventions, typically through primaries or caucuses.