🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
7
answers
0
watching
177
views

Perfect competition is characterized by:

A) differentiated products of firms in the industry.
B) high barriers to entry.
C) many buyers and sellers.
D) a small number of firms.

 

Watch
7
answers
0
watching
177
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Sonal Bahl
Sonal BahlLv10
18 Mar 2021
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

1. The assumptions of perfect competition imply that:

a) Individuals in the market accept the market price as given.

b) Individuals can influence the market price.

c) The price will be fair.

d) The price will be high.

2. Monopolistic competition describes an industry characterized by a ____ number of firms producing____ products with ____ for firms:

a) Small; identical; barriers to entry.

b) Small; similar; relatively easy entry.

c) Large; similar; relatively easy entry.

d) Large; identical; relatively easy entry.

 

Monopolistic competition is an industry characterized by a:

A. small number of firms producing identical products, with barriers to entry for firms.

B. small number of firms producing similar products, with relatively easy entry for firms.

C. large number of firms producing similar products, with relatively easy entry for firms.

D. large number of firms producing identical products, with relatively easy entry for firms.

Monopolistic competition is an industry characterized by a:

A. small number of firms producing identical products, with barriers to entry for firms

B. small number of firms producing similar products, with relatively easy entry for firms

C. large number of firms producing similar products, with relatively easy entry for firms

D. large number of firms producing identical products, with relatively easy entry for firms

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in