Which of the Following Is a Necessary Condition for Perfect

question 253

Multiple Choice

Which of the following is a necessary condition for perfect competition?

• A) A small number of firms control a large share of the total market.
• B) Movement into and out of the market is limited.
• C) Firms produce a standardized product.
• D) Extensive advertising is used to promote the firm's product.

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Definitions:

Access Provides

Refers to how Microsoft Access offers various features for database management, including data entry, querying, and reporting.

Single Table

A database structure that consists of data organized in one table without relationships to any other tables.

Data-Entry Forms

Interfaces designed for the efficient input of data into a database system or application.

Access Data Types

Specific kinds of data that can be stored in a Microsoft Access database, such as text, numbers, or dates.