All of the following are characteristics of perfect competition EXCEPT
A) homogenous products.
B) each firm is a price taker.
C) product differentiation.
D) a lack of barriers.
Correct Answer:
Verified
Q2: Which of the following is NOT a
Q4: Which of the following is NOT a
Q5: All of the following are characteristics of
Q6: A market structure in which the decisions
Q9: Perfect competition is characterized by
A) many buyers
Q10: In a perfectly competitive industry
A) each firm
Q11: In a perfectly competitive market, which of
Q15: A firm in a perfectly competitive industry
Q16: The perfectly competitive firm cannot influence the
Q20: Which of the following is NOT a
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