Perfect Competition Is Characterised by All of the Following Except

question 134

Multiple Choice

Perfect competition is characterised by all of the following except

• A) heavy advertising by individual sellers.
• B) homogeneous products.
• C) sellers are price takers.
• D) a horizontal demand curve for individual sellers.

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Definitions:

Profit Sharing

A corporate program in which employees receive a share of the company's profits, usually distributed through bonuses or as part of a deferred compensation plan.

Adverse Effect

A negative outcome or harm that results from an action, intervention, or event.

Employee Morale

The general perspective, mood, contentment, and assurance experienced by staff in the workplace.

Service Organizations

Businesses that primarily offer intangible products, such as work or expertise, rather than physical goods.