Which of the Following Is Not a Characteristic of a Perfectly

question 122

Multiple Choice

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

• A) Firms are price takers.
• B) Firms can freely enter the market.
• C) Many firms have market power.
• D) Goods offered for sale are largely the same.

---

Definitions:

Active Listening

The practice of fully concentrating, understanding, responding, and remembering what is being said in a conversation.

Behavioral Therapist

A specialist who uses principles of behavior change, including positive and negative reinforcement, to modify maladaptive behaviors in clients.

Token Economy

A form of behavior modification program where individuals earn tokens for exhibiting desired behaviors and can exchange them for various rewards.

Public Dining

The act of eating meals in communal areas accessible to the general public, such as restaurants or cafes.