Which of the Following Is Not Necessarily a Characteristic of Perfect

question 120

Multiple Choice

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

• A)low prices
• B)a large number of buyers and sellers
• C)a homogeneous product
• D)perfect information
• E)easy entry and exit in the long run

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Definitions:

Baby Boomers

The demographic group born approximately between 1946 and 1964, known for being part of a significant increase in birth rates post-World War II.

Immigrants

Individuals who move from one country to another, typically for the purpose of permanent residency or employment.