Which of the Following Is Not a Characteristic of Market

question 144

Multiple Choice

Which of the following is not a characteristic of market structure?

• A)The number of sellers in the industry.
• B)The ease with which firms may enter or exit the industry.
• C)The existence of differences among sellers' products.
• D)The presence or absence of government taxation in the market.

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Definitions:

Plaintiff

A person or legal entity who initiates a lawsuit against another party (the defendant) in a court of law, alleging wrongdoings.

Sources of American Law

The origins from which U.S. law derives, including the Constitution, statutes, case law, and regulations.

System of Law

The comprehensive and structured set of legal principles and codes that govern a jurisdiction.

Common Law System

A legal system based on court-made precedents and customs, as opposed to statutory laws, prevalent in the United Kingdom and countries influenced by its legal traditions.