All of the following except one are characteristics of perfect competition.Which is the exception?
A) Extensive information regarding the market is available to all.
B) There is extensive advertising.
C) There is easy entry and exit into the market.
D) There are a large number of buyers and sellers.
E) No preferences are shown to any buyer or seller.
Correct Answer:
Verified
Q2: The following are different market structures:
1. Monopoly
2.
Q3: Q4: What is the term for the amount Q5: Which of the following refers to the Q6: What is marginal revenue? Q7: Q8: All of the following,except one,are reasons why Q9: Which of the following statements is correct Q10: Which of the following statements is true Q11: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)The total revenue divided
