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:

Real Number Line

A line that graphically represents all possible real numbers, where each point corresponds to a unique real number.

Entirely Negative

A term describing a scenario where all values or aspects of something are negative or below zero.

Entirely Positive

A term that could suggest a situation or value is purely positive, without any negative parts or aspects. NO.

Interval

A range of numbers between two set points.