Solved

Which of the Following Is a Characteristic of Perfect Competition

Question 116

Multiple Choice

Which of the following is a characteristic of perfect competition?


A) large barriers to entry 
B) a small number of firms 
C) firms selling unique goods 
D) None of the above is correct.

Correct Answer:

verifed

Verified

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

Related Questions

Q108: Figure 10-4
Figure 10-4 </p></div><svg width=

Q112: Figure 10-4
Figure 10-4 </p></div><svg width=

Q121: If a firm shuts down in the

Q121: When a firm leaves a perfectly competitive

Q124: Figure 10-3
​ Figure 10-3 ​</p></div><svg width=

Q129: A firm will shut down in the

Q130: The perfectly competitive firm's short-run shutdown rule

Q133: Figure 10-3
​ Figure 10-3 ​</p></div><svg width=

Q135: A firm will shut down in the

Q226: At a firm's profit-maximizing level of output,

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