Which of the Following Is Not Necessarily a Characteristic of Perfect

question 120

Multiple Choice

Which of the following is not necessarily a characteristic of perfect competition?

• A)low prices
• B)a large number of buyers and sellers
• C)a homogeneous product
• D)perfect information
• E)easy entry and exit in the long run

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Definitions:

Synthetic Stimulant

A man-made substance designed to increase alertness, attention, and energy, often used as drugs.

Mild Hallucinogen

A substance that induces subtle alterations in perception, mood, and thought, without causing intense hallucinations or loss of reality.

Dopamine

A neurotransmitter in the brain that plays key roles in regulating mood, motivation, pleasure, and motor control.

Serotonin

A neurotransmitter in the brain associated with mood regulation, digestion, sleep, memory, and other bodily functions.