Which of the Following Is Not a Characteristic of Perfect

question 22

Multiple Choice

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

• A) Ease of entry and exit.
• B) A few large firms dominate the market.
• C) The product is homogeneous.
• D) There are many buyers.

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Definitions:

Grain Agriculture

The cultivation of cereal crops, such as wheat, maize, and rice, which are vital for human consumption and constitute a major part of agricultural production worldwide.

Irrigation Control

The management and application of techniques to regulate water distribution for agricultural purposes to optimize plant growth and conserve water.

Alliance

A formal agreement or union between nations, organizations, or individuals to cooperate for specific purposes, often for mutual benefit.

Natchez War

A conflict between French colonists and Natchez Indians in 1729-1731, which resulted in the near extinction of the Natchez community.