Which of the Following Are Not Characteristics of a Competitive

question 71

Multiple Choice

Which of the following are not characteristics of a competitive market?

• A) There is freedom of entry and exit.
• B) There are zero transaction costs.
• C) There are only one or two sellers.
• D) Buyers and sellers have complete information.

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Definitions:

Direct Approach

A straightforward method of communication or action where the main point is presented at the beginning.

Conclusions

Final statements or judgments derived from the analysis or consideration of information or evidence.

Recommendations

Advice or suggestions aimed at aiding decision-making processes.

Proposal

A plan or suggestion, especially in a formal or professional context, put forward for consideration or discussion by others.