Which of the following is a characteristic of perfect competition?
a. large barriers to entry
b. a small number of firms
c. firms selling unique goods
d. None of the above is correct.
d
Economics
You might also like to view...
Economic growth is demonstrated by the LRAS as it
A) becomes more vertical. B) shifts to the left. C) becomes more horizontal. D) shifts to the right.
Economics
Most of the debates in the U.S. Congress center on
A) efficiency concerns. B) equity concerns. C) both efficiency and equity equally. D) market inefficiency.
Economics