Which of the following is a characteristic of a perfectly competitive market?
A. a large number of firms in a market
B. selling a standardized product
C. no barriers to entry
D. All of these
Answer: D
Economics
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Which of the following assets will likely show the greatest increase in value over time?
a) Savings accounts b) Treasury bonds c) Blue-chip stocks d) Low-risk corporate bonds
Economics
When considering perfect competition the absence of entry barriers implies that
A) no firm can enter the industry. B) firms can enter but cannot get out of the industry easily. C) all firms will earn economic profit. D) firms can enter and leave the industry without serious impediments.
Economics