Which of the following are NOT characteristics of a competitive market?
A) There is freedom of entry and exit.
B) There are zero transaction costs.
C) There are only one or two sellers.
D) Buyers and sellers have complete information.
Correct Answer:
Verified
Q3: If a firm operates in a perfectly
Q4: If all conditions for a perfectly competitive
Q5: If a firm operates in a perfectly
Q6: In a perfectly competitive market,
A) firms can
Q7: In a competitive market,if buyers did not
Q9: The perfectly competitive model makes a lot
Q10: The demand curve that an individual competitive
Q11: A special license is required to operate
Q12: If a firm happened to be the
Q13: If consumers view the output of any
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