Which of the Following Is NOT Present in a Perfectly

question 245

Multiple Choice

Which of the following is NOT present in a perfectly competitive market?

• A) profit maximizing firms
• B) an economic profit in the long run
• C) price taking behavior
• D) identical products

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Definitions:

Sustainability

An organization's ability to profit without depleting its resources, including employees, natural resources, and the support of the surrounding community.

Eco-friendly Vision

A strategic outlook or plan that emphasizes sustainability and minimal environmental impact.

Sustainably Sourced

Referring to goods or materials obtained through methods that do not deplete the resources used or harm the environment, often supporting long-term ecological balance.

Ethical Climate

The collective understanding within an organization about what is deemed right or wrong, significantly influencing individual and group decision-making behaviors.