Which of the following is NOT a characteristic of perfectly competitive markets?
A) Transactions costs are a very small part of the sale.
B) There are three suppliers that form an oligopoly.
C) It is easy to find a trading partner.
D) All products are identical.
Correct Answer:
Verified
Q101: In the labor market,if the government imposes
Q114: Q117: If the government places a $1.20 tax Q118: A restriction on the number of people Q121: Consumers and firms are known as price Q122: Which of the following is NOT a Q123: Which of the following is NOT a Q124: Which of the following is NOT a Q126: It is appropriate to use the supply-and-demand Q150: It is appropriate to use the supply-and-demand
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