Which of the Following Is NOT a Characteristic of a Perfectly

question 154

Multiple Choice

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

• A)Each firm in the market sells a somewhat different variant of the good.
• B)There are many sellers, each of which sells only a small fraction of the total quantity exchanged.
• C)Buyers and sellers are well-informed.
• D)Sellers can easily buy and sell the productive resources needed to enter the market.

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Definitions:

Operating Activities

Business actions that relate directly to the production and delivery of goods and services, central to generating revenue.