Which of the following is not a characteristic of perfect competition?
A) Ease of entry and exit.
B) A few large firms dominate the market.
C) The product is homogeneous.
D) There are many buyers.
Correct Answer:
Verified
Q5: The body charged with increasing or maintaining
Q6: In a perfectly competitive market, firms:
A) produce
Q7: Under perfect competition, no matter how much
Q9: Which of the following is not a
Q11: Under perfect competition, which of the following
Q12: If a firm can easily enter and
Q13: Perfectly competitive markets are characterised by:
A) a
Q14: One of the characteristics of perfect competition
Q15: Firms in a perfectly competitive market:
A) compete
Q96: If a perfectly competitive firm sells 50
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