Which of the following is not a characteristic of a perfectly competitive market?
A) Different sellers sell identical products.
B) There are many sellers.
C) Sellers must accept the price the market determines.
D) All of the above are characteristics of a perfectly competitive market.
Correct Answer:
Verified
Q16: Which of the following is an example
Q17: Assume Leo buys coffee beans in a
Q18: Most markets in the economy are
A)markets in
Q19: A competitive market is one in which
Q20: Which of the following statements is correct?
A)Buyers
Q22: In competitive markets,which of the following is
Q23: In competitive markets,
A)firms produce identical products.
B)buyers can
Q24: In competitive markets,buyers
A)are price takers,but sellers are
Q25: For a competitive market,
A)a seller can always
Q26: In competitive markets,
A)firms produce identical products.
B)no individual
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