Most markets in the United States:
A) have some degree of competitiveness,but are not perfectly competitive.
B) have very little competitive features and so are regulated by the government.
C) are monopolies.
D) are perfectly competitive.
Correct Answer:
Verified
Q5: The opposite of being a price taker
Q5: An essential characteristic of a perfectly competitive
Q5: A price taker is a buyer or
Q7: Standardized goods are:
A) goods which are regulated
Q7: An example of a standardized good is:
A)grain.
B)iron.
C)crude
Q9: Standardized goods and services refers to those
Q10: Perfectly competitive markets:
A)are more an idealized model
Q13: An essential characteristic of a perfectly competitive
Q15: An essential characteristic of a perfectly competitive
Q22: A characteristic that is important,but not essential
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