Select All Items from the List Below That Are Characteristics

question 14

Multiple Choice

Select all items from the list below that are characteristics of effective managers.

• A)Optimistic
• B)Insensitive to negative comments
• C)Identifies restraining forces
• D)Distrusts everyone
• E)Goal directed

Identify characteristics and non-characteristics of perfectly competitive markets.

Recognize the role and implications of being a price taker versus a price maker in perfect competition.

Describe the demand curve faced by a perfectly competitive firm.

Explain the concept of standardized products in contrast to differentiated products in market structures.