Which of the Following Is Not a Characteristic of a Perfectly

question 45

Multiple Choice

Which of the following is not a characteristic of a perfectly competitive market?

• A)Different sellers sell identical products.
• B)There are many sellers.
• C)Sellers must accept the price the market determines.
• D)All of the above are characteristics of a perfectly competitive market.

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Definitions:

Reasonable Consumer

An average person who is considered when evaluating the advertising and selling of products, to determine if the information presented is misleading.

Advertising Claim

refers to statements made by a business in advertising material about the quality, efficacy, or benefits of their products or services.

Online Disclosure

The act of making information or details available to the public via the internet.

Entire Web Page

It encompasses all content, from text and images to scripts and metadata, that is accessible through a single URL on the World Wide Web.