Which of the following is NOT a defining characteristic of perfectly competitive industries?
A) many buyers and sellers
B) unrestricted entry and exit
C) consumer knowledge about prices charged by each firm
D) higher prices being charged for certain name brands
Correct Answer:
Verified
Q35: When a firm is considered to be
Q36: Price taking behavior exists in
A) perfectly competitive
Q37: The assumption that a perfectly competitive industry
Q38: The market for lawn services is perfectly
Q39: In perfect competition, the market demand for
Q41: Q42: Economic profit is Q43: A competitive firm's total revenue minus its Q44: A perfectly competitive firm's demand curve is Q45: 
A) included in the firm's
A)
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