Which of the Following Is a Unique Feature of Perfect

question 156

Multiple Choice

Which of the following is a unique feature of perfect competition?

• A)An individual firm cannot earn economic profit in the long run.
• B)It is easy for new firms to enter the industry.
• C)The market demand curve slopes downward.
• D)The demand curve facing an individual firm is perfectly elastic.
• E)The firms in the industry produce differentiated products.

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Definitions:

Corporate Social Responsibility

An entrepreneurial tactic aimed at sustaining growth through the provision of benefits across economic, social, and environmental spheres for all involved parties.

Self-Promotional

Refers to actions or strategies used by individuals or organizations to draw attention to their own achievements, skills, or products, often to gain recognition or advance their own interests.

Misleading

Providing false or inaccurate information that deceives or is intended to deceive.

Communication Channels

The mediums used to convey information or messages between a sender and receiver, including print, digital media, and interpersonal communication.