Which of the Following Is Not Characteristic of a Perfectly

question 145

Multiple Choice

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

• A) Firms are price takers
• B) Brand loyalty
• C) Low barriers to entry
• D) Many firms

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Definitions:

Phase Voltage

The voltage measured across a single component in a multiphase system.

Wye

A three-phase connection in electrical systems where the endpoints of three coils are connected at a single neutral point, forming a Y shape, commonly used in power distribution.

Delta

In electrical engineering, it often refers to a triangular connection in a three-phase system where the end of one winding is connected to the start of the next.

Three-Phase Power Systems

Electrical power systems that use three alternating currents or phases, each phase being out of phase with the other by one-third of a complete cycle, widely used for power transmission and large electric motors.