Which of the following is NOT an assumption of perfect competition?

A) many firms
B) many buyers
C) restrictions on entry into the market
D) each firm sells an identical product

C

Economics

You might also like to view...

Refer to Table 1-2. What is Julius's marginal cost if he decides to stay open for three hours instead of two hours?

A) $0 B) $18 C) $54 D) $65

Economics

After the former CEO of the Coca-Cola Company began requiring employees to treat the rate of return on shareholder equity as an explicit cost, Coke's profits increased considerably

Indicate whether the statement is true or false

Economics