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29 Oct 2020

Which one of the following is not a feature of perfect competition?

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Define and Explain Perfect Competition - Price, Output and profit
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Paramjeet Chawla
Paramjeet ChawlaLv8
29 Oct 2020

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Related questions

Asymmetric information is not a feature of perfect competition. State your comment.

What is the main difference between perfect competition and monopolistic competition?
A) Perfect competition has a large number of small firms while monopolistic competition does not.
B) In perfect competition, firms produce identical goods, while in monopolistic competition, firms produce slightly different goods.
C) Perfect competition has no barriers to entry, while monopolistic competition does.
D) Perfect competition has barriers to entry while monopolistic competition does not

Ā 

In which of the following market structures can firms be price makers?

  1. Monopoly, monopolistic competition, and oligopoly.
  2. Perfect competition, monopolistic competition, and oligopoly.
  3. Monopoly, perfect competition, and oligopoly.
  4. Monopoly, monopolistic competition, and perfect competition.

Ā 

Ā 

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