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Which of the following is NOT a characteristic of a perfectly competitive market?
 
A) a large number of firms in a market
 
B) selling a standardized product
 
C) substantial barriers to entry
 
D) an individual firm having no control over price

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Bunny Greenfelder
Bunny GreenfelderLv2
19 Feb 2020
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Related questions

Which of the following is a characteristic of products produced by multinational corporations?
 
 
a) ​Products are developed to meet unique market requirements whenever possible.
 
b) ​Products are developed to cater to local markets.
 
c) ​Products are inadequately distributed in local markets.
 
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D. It is most extensively used by production-oriented firms.

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