Which One of the Following Is Not a Characteristic of a Perfectly

question 37

Multiple Choice

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

• A)Firms advertise in order to distinguish their products and increase market share.
• B)Firms earn zero economic profit in the long run.
• C)Competing products are virtually identical.
• D)Firms are price takers.
• E)There are a large number of buyers and sellers interacting in the market.

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Definitions:

Depressant Drugs

Substances that reduce arousal and stimulation in the brain, leading to a calming effect.

Barbiturates

Are a class of drugs that act as central nervous system depressants, used primarily as sedatives or to control seizures.

Substance Use Disorder

A medical condition characterized by an uncontrolled use of substances despite harmful consequences.

Cocaine

A powerful and addictive stimulant drug derived from the leaves of the coca plant, which increases levels of dopamine in the brain, leading to euphoria, increased energy, and potentially, addiction.