Which of the Following Is NOT a Characteristic of Perfect

question 161

Multiple Choice

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

• A) There are large numbers of buyers and sellers.
• B) The firms in an industry produce goods that are different from each other.
• C) Any firm can easily enter or leave the industry.
• D) Both buyers and sellers have equally good information.

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Definitions:

Gratefulness

The feeling or expression of being thankful and appreciative.

Job-Search Activities

Actions and efforts undertaken by individuals to find employment, including networking, applying for jobs, attending job fairs, and preparing resumes and cover letters.

Reverse Chronological

Refers to a format or order where events or records are listed starting from the most recent going back to the oldest.

Résumé

A document summarizing an individual's skills, education, and work history, used for job applications.