Solved

A Perfectly Competitive Market Has All of the Following Characteristics

Question 21

Multiple Choice

A perfectly competitive market has all of the following characteristics except:


A) There are few buyers.
B) There are many sellers.
C) Each buyer offers to buy a small part of the total quantity transacted.
D) Each seller offers to sell a small part of the total quantity transacted.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents