Which of the Following Is Not a Characteristic of a Perfectly

question 198

Multiple Choice

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

• A)There are a very large number of firms that are small compared to the market.
• B)All firms sell identical products.
• C)There are no restrictions to entry by new firms.
• D)There are restrictions on exit of firms.

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UPC Bar Code

Universal Product Code; a barcode symbology used for tracking trade items in stores primarily in the United States.

Consumer Protection Act

A set of laws designed to protect the rights and interests of consumers by regulating fair trade, competition, and accurate information in the marketplace.

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