Which of the Following Is Not a Characteristic of a Perfectly

question 22

Multiple Choice

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

• A)Sellers set the price of the product.
• B)There are many sellers.
• C)Buyers must accept the price the market determines.
• D)All of the above are characteristics of a perfectly competitive market.

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Definitions:

Tuna

A species of saltwater fish that belongs to the tribe Thunnini, a subgrouping of the mackerel family.

Extant Mammal Groups

Currently living mammalian groups, such as marsupials, rodents, and primates, that have differentiated into distinct species through evolution.

Dinosaurs

A diverse group of reptiles of the clade Dinosauria that first appeared during the Mesozoic Era.

Flowering Plants

Plants that produce flowers as reproductive structures, capable of developing into fruit and seeds.