Which of the Following Is a Characteristic of Perfect Competition

question 125

Multiple Choice

Which of the following is a characteristic of perfect competition?

• A)large barriers to entry 
• B)a small number of firms 
• C)firms selling unique goods 
• D)None of the above is correct.

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Definitions:

Undesirable Behavior

Actions or conduct that are not wanted or approved of, often because they are harmful, inappropriate, or disruptive.

Desirable Behaviors

Refers to actions or reactions that are considered appealing, appropriate, or positive by a social group or cultural standard.

Systematic Desensitization

A behavioral therapy technique used to reduce anxiety and fear responses through gradual exposure to the feared object or situation.

Hierarchy

A hierarchy is a system or organization in which people or groups are ranked one above the other according to status or authority.