Question 1
EasyOriginal questionWhich of these is a feature of perfect competition?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Perfect competition has many buyers and sellers, identical products, free entry and exit, and perfect knowledge.
- Concept
- Features of perfect competition
- Typical timeTypical
- 40 s
- Your timeYours
- —
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