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Which idea is inconsistent with the pure competition?
a. no restrictions on entry or exit of firms
b. standardized product
c. a small number of buyers and sellers
d. short run losses
Which idea is inconsistent with the pure competition?
a. no restrictions on entry or exit of firms
b. standardized product
c. a small number of buyers and sellers
d. short run losses
Yusra AneesLv10
7 Jan 2021
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Related textbook solutions
Related questions
Which of the following is not characteristic of perfect competition?
| a. | many buyers and sellers |
| b. | brand name advertising |
| c. | standardized products |
| d. | fully informed buyers and sellers |
| e. | free entry and exit of firms |
