Which of the Following Is Not an Assumption of Perfectly

question 229

Multiple Choice

Which of the following is not an assumption of perfectly competitive markets?

• A)There are many sellers and many buyers, all of which are small relative to the market.
• B)Each firm produces a similar but not identical product.
• C)There are no barriers to new firms entering the market.
• D)The products sold by all firms in the market are identical.

---

Definitions:

Clark L. Wilson

An influential figure in the field of human resources and organizational development, known for his work on behavioral assessment.

Managerial Skills

Managerial skills are the abilities and competencies that individuals need to effectively manage tasks, people, and resources within an organization.

Imbalanced Managerial Skills

Refers to a situation where a manager possesses certain skills in abundance while significantly lacking others, potentially leading to less effective management.

Business Capital Investment

Business capital investment involves the allocation of financial resources by businesses into long-term assets or projects expected to generate future returns or growth.