Which of the following is not characteristic of imperfect competition?
A) homogeneous products B) barriers to entry
C) few buyers and sellers D) Both A and C
Answer: A
Economics
You might also like to view...
Price discrimination is illegal in the United States
Indicate whether the statement is true or false
Economics
Consumer purchases which are consumed at the time and place of purchase are categorized by the Bureau of Economic Analysis as
A) durable goods. B) nondurable goods. C) services. D) investments.
Economics
The four components that make up GDP in the expenditure approach are:
A. C, I, G, and NX. B. C, I, G, and EX. C. K, I, G, and NX. D. C, Im, G, and EX.
Economics
Name some of the barriers to entry that can be created by a competitive firm to protect profits?
Economics