Which of the following is not a condition for pure competition?
A) Large number of sellers
B) Sellers and buyer are small enough that no one can overly influence the market
C) Involves a heterogeneous product or service
D) Unristricted entry
Correct Answer:
Verified
Q21: Local rates are:
Q26: What are the most common mistakes in
Q28: Define and discuss variable or marginal cost.
Q29: An oligopoly can be defined as:
Q33: What is the definition of value of
Q33: There are several types of special rates
Q35: Value of service pricing is best defined
Q36: The main objective of deregulation in transportation
Q38: Define third degree price discrimination and explain
Q40: The theory of contestable markets is offered
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