Which of the Following Is NOT a Characteristic of Perfect

question 351

Multiple Choice

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

• A) There are many buyers and sellers.
• B) Each firm determines the market price of its product.
• C) Products are homogeneous.
• D) Buyers and sellers have equal access to information.

---

Definitions:

Sabbatical

A period of paid or unpaid leave granted to an employee, especially an academic, for study or travel, traditionally every seventh year.

Multicultural Experiences

Experiences that expose individuals to cultures other than their own, potentially enhancing empathy, communication skills, and cultural understanding.

Directive Leadership

A leadership style where the leader tells team members what to do and how to do it, often with little input from them.

International Experiences

Experiences gained from engaging with cultures, business practices, and academic or work activities outside one's home country.