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Title: Which of the following is NOT a characteristic of a perfectly competitive market?

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Q:

Which of the following is NOT a characteristic of a perfectly competitive market?

           a.   Firms are price takers.

           b.   Firms have difficulty entering the market.

           c.    There are many sellers in the market.

           d.   Goods offered for sale are largely the same.


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Title: Which of the following is NOT a characteristic of a perfectly competitive market?

    • This tutorial was purchased: 1.

    • Posted Date: Apr 27, 2012 at 9:07:52 PM

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A:
...sp;        a.   Firms are price takers.      ...
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