Which of the Following Is Not a Characteristic of a Perfectly

question 488

Multiple Choice

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

• A)There are many buyers and sellers.
• B)Firms can freely enter and exit the market.
• C)Many firms have market power.
• D)Firms sell very similar products.

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Definitions:

Asymmetric Carbon

A carbon atom bonded to four different groups, creating a center of chirality that can lead to the existence of enantiomers in a molecule.

Asymmetric Carbons

Carbon atoms bonded to four different groups or atoms, creating a chiral center in a molecule.

Mirror Plane

A mirror plane in chemistry is a symmetry element in molecules where one half of the molecule is a mirror image of the other.

Asymmetric Carbon

A carbon atom bonded to four different atoms or groups, causing chirality in the molecule.