Which of the Following Is Characteristic of a Perfectly Competitive

question 146

Multiple Choice

Which of the following is characteristic of a perfectly competitive market?

• A) Firms are price setters
• B) A few firms dominate the market
• C) There are low barriers to entry
• D) The market demand curve is flat

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Definitions:

Great Depression

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1970s

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Economic Worry

Concern or anxiety about the current or future state of the economy, often due to factors like inflation, unemployment, or recession.

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A marketplace where stocks (shares of ownership in businesses) are bought and sold, providing companies with access to capital and investors with a slice of ownership.