A perfectly competitive market is characterized by
A) high barriers to entry.
B) firms that are price setters.
C) firms facing a downward sloping demand curve.
D) no restrictions on entry into the market.
D
Economics
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What type of income tax is reflected in the table above?
A) regressive income tax B) proportional income tax C) progressive income tax D) negative income tax
Economics
Refer to Figure 17-6. If firms and workers have rational expectations, an expansionary monetary policy will cause the short-run equilibrium to move from
A) point A to point B. B) point C to point A. C) point A to point C. D) point B to point A. E) point B to point C.
Economics