One of the characteristics of perfect competition is that:
A) some firms can influence price.
B) firms depend on each other in setting the output.
C) firms produce a differentiated product.
D) consumers do not distinguish between the sellers.
Correct Answer:
Verified
Q10: Which of the following is not a
Q11: Under perfect competition, which of the following
Q12: If a firm can easily enter and
Q13: Perfectly competitive markets are characterised by:
A) a
Q15: Firms in a perfectly competitive market:
A) compete
Q16: Under perfect competition, a firm is a
Q17: A firm operating in a perfectly competitive
Q18: Perfect competition requires that resources be:
A) the
Q19: One of the characteristics of the perfectly
Q96: If a perfectly competitive firm sells 50
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