Which of the Following Is a Characteristic of Perfect Competition

question 6

Multiple Choice

Which of the following is a characteristic of perfect competition?

• A)zero barriers to entry
• B)homogeneous products
• C)many sellers
• D)many buyers
• E)all of the above

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Definitions:

Physical Health

A state of physical well-being in which an individual is free from illness, injury, or pain, often achieved through regular physical activity, nutrition, and healthcare.

Sincere Thoughts

Genuine and honest reflections or opinions.

Reference Group

A social group that individuals compare themselves to for the purpose of evaluating their actions, attitudes, or beliefs.

Language Arts

An academic discipline focused on the study and improvement of skills related to reading, writing, listening, and speaking.