In Perfect Competition,which Is NOT True

question 98

Multiple Choice

In perfect competition,which is NOT true?

• A) Both concentration ratios and Rothschild indexes tend to be close to zero.
• B) There are a large number of firms, and each is small relative to the entire market.
• C) At least one firm has a perceptible impact on the market price.
• D) Firms produce homogenous goods.

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Definitions:

Coping Mechanisms

Strategies or actions, both healthy and unhealthy, that individuals use to deal with stressful situations or emotions.

Fluid

A substance that has the ability to flow and conform to the shape of its container, such as liquids and gases.

Electrolyte Balance

The process of maintaining the correct levels and ratios of electrolytes within the body, crucial for normal cell function and overall health.

Renal

Pertaining to the kidneys, involving their structure, function, diseases, or conditions.