Which of the following is not a characteristic of a perfectly competitive market?
A) Zero economic profit in the long run.
B) Perfect information.
C) Homogeneous products.
D) High barriers.
Correct Answer:
Verified
Q4: In a competitive market where firms are
Q14: Which of the following is a determinant
Q16: For a competitive market in the long
Q17: Marginal cost is the increase in total
Q19: To determine the market supply,the quantities
A)Demanded at
Q24: Which of the following is not a
Q26: Which of the following is not a
Q28: The exit of firms from a market,ceteris
Q31: Other things being equal,as more firms enter
Q34: The market structure of the computer industry
A)Was
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents