Which of the Following Is NOT an Assumption of Perfectly

question 360

Multiple Choice

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

• A) many buyers and many sellers
• B) no restriction on entry
• C) complete information about prices
• D) new entrants have higher costs

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Definitions:

Specialty Clothing Store

A retail establishment that focuses on selling specific categories or brands of clothing and accessories, catering to niche markets.

Limited-Line Gift Store

A retail store that specializes in selling gifts but offers a limited range of product types, focusing on specific niches.

Hypermarket

A form of scrambled merchandising, which consists of a large store (more than 200,000 square feet) that offers everything in a single outlet, eliminating the need for consumers to shop at more than one location.

General Merchandise Stores

Retail establishments offering a wide range of consumer goods, including clothing, household items, and groceries.