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.

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Definitions:

Internal Struggle

A personal conflict within an individual, often involving competing values or desires.

Anticipated Threat

An expected or forecasted danger or problem that prompts preparation or preventive measures.

Preoccupation

The state of being absorbed or engrossed in thoughts or concerns about a particular issue or topic.

Anxiety

A sense of anxiety, apprehension, or discomfort due to an unpredictable result.