Which of the Following Is Not a Characteristic of a Perfectly

question 9

Multiple Choice

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

• A)Large number of firms in the industry.
• B)Outputs of the firms are perfect substitutes for one another.
• C)Limited information is available to all market participants.
• D)Ease of entry into the market.

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Definitions:

UCC

The Uniform Commercial Code is an extensive series of statutes that regulate all aspects of commercial dealings in the United States.

Bank Deposits and Collections

This term refers to the processes involved in placing funds into a bank account and the subsequent management and collection of those funds.

Truth in Savings Act

A federal law designed to promote the disclosure of account terms and fees in the savings accounts and certificates of deposit of banks and other financial institutions.

Depositary Banks

Financial institutions that hold and manage securities for their clients, offering services such as safekeeping, collection of dividends, and exercise of rights.