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:

Happier

A wellness state defined by experiencing feelings from being pleased to feeling extreme elation.

Money

A medium of exchange that facilitates the transfer of goods and services.

Buying Power

The ability of an individual or group to purchase goods and services, often influenced by income and prices.

Personal Happiness

An individual's general sense of well-being, contentment, and satisfaction with life.