Which of the Following Is Not a Characteristic of Perfect

question 114

Multiple Choice

Which of the following is not a characteristic of perfect competition?

• A)Many small buyers.
• B)Different firms sell products with different features.
• C)Ease of entry into and exit from the market.
• D)Many small sellers.

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Definitions:

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Variance

Variance is a measure of the dispersion of a set of data points from their mean, indicating how spread out the data points are.

Geometric Mean

A type of mean or average which indicates the central tendency of a set of numbers by using the product of their values.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.