Which of the Following Is Not a Characteristic of a Perfectly

question 46

Multiple Choice

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

• A)firms are price takers
• B)there are many sellers in the market
• C)goods offered for sale are largely the same
• D)firms have difficulty entering the market

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Definitions:

Emotional Intelligence

The ability to perceive, understand, manage, and use emotions effectively in oneself and in interactions with others.

Social Psychology

The scientific study of how individuals think, influence, and relate to one another within a societal context.

Feeling State

A temporary emotional condition or mood that an individual experiences.

Positive Moods

Emotional states that are characterized by feelings of happiness, satisfaction, or optimism.