Which of the Following Is NOT a Characteristic of Perfect

question 161

Multiple Choice

Which of the following is NOT a characteristic of perfect competition?

• A) There are large numbers of buyers and sellers.
• B) The firms in an industry produce goods that are different from each other.
• C) Any firm can easily enter or leave the industry.
• D) Both buyers and sellers have equally good information.

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Definitions:

Skewed

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Gymnasts

Athletes who perform sequences of movements requiring flexibility, strength, and coordination, primarily on apparatus such as rings, bars, and mats.

Cost of Living

The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare.

Canadian Towns

Small urban communities found within Canada, often characterized by local governance and a distinct sense of community.