Which of the Following Is Not a Characteristic of a Perfectly

question 135

Multiple Choice

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

• A) Zero economic profit in the long run.
• B) Perfect information.
• C) Homogeneous products.
• D) High barriers.

Learn how to modify chart elements and incorporate graphical data effectively.

Comprehend how to manage and view tracked changes and comments within documents.

Grasp the integration and updating process of Excel charts and data in Word documents.

Identify how to enhance the visual representation of charts through formatting options.

---

Definitions:

Fixed Number

A quantity that remains constant and does not change or vary in a given context.

Varying Amounts

Different quantities or measures of something without a fixed or exact number.

Stimulus Generalization

The process by which conditioned responses are triggered by stimuli that are similar, but not identical to, the original conditioned stimulus used during learning.

Discrimination

The act of treating people unequally based on characteristics such as race, age, or sex, resulting in prejudice.