Which of the Following Is NOT a Characteristic of Perfect

question 21

Multiple Choice

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

• A) Firms are "price takers."
• B) All firms sell identical products.
• C) There are substantial barriers to entry into the industry.
• D) There are many buyers and sellers.

---

Definitions:

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, negatively affecting social and health aspects.

Maladaptive

Behaviors or actions that are counterproductive to coping with problems or situations effectively, often worsening the situation.

Medical Model

The medical model is an approach to health which focuses on illness or disability as a problem of the body, requiring medical intervention.

Abnormal Behavior

Actions or patterns of behavior that deviate significantly from what is considered typical or normal within a culture or society.