All of these are characteristics of a competitive industry,except:
A) Many substitutes
B) No barriers to entry
C) Homogenous product
D) Little or no information on rivals' products
Correct Answer:
Verified
Q2: A sudden rise in the market demand
Q3: A sudden fall in the market demand
Q4: In the long-run,a perfectly competitive firm will
Q5: A sudden decrease in the market demand
Q6: A sudden rise in the market demand
Q8: In a competitive industry buffeted by demand
Q9: In a perfectly competitive market industry,firm's prices
Q10: A sudden fall in the market demand
Q11: A sudden fall in the market demand
Q12: A sudden rise in the market demand
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