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Svetllana [295]
2 years ago
5

All of the following are characteristics of perfect competition EXCEPT Group of answer choices many buyers and sellers. lack of

barriers to entry or exit. homogeneous products. each firm is a price taker. product differentiation.
Business
1 answer:
Greeley [361]2 years ago
6 0

Answer:

The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.

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loris [4]

<u>line</u>

Explanation:

An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor is called a(n) <u>line</u> structure.

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3 years ago
Medical profession is a very sensitive profession.Do U agree?Give 5 reason​
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kolezko [41]

Answer:

Effect on income= $68,580 increase

Explanation:

<u>Because it is a special order, and there is unused capacity, we will not take into account the fixed costs. Only the variable ones.</u>

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8 0
3 years ago
What is the difference between a government and a state
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Though here are few differences between State and Government, State is a sovereign authority. While Government uses the sovereign authority of the state as an element. ... State is a larger entity is includes all individuals, associations and institutions that exist within its territorial boundaries.

6 0
3 years ago
Read 2 more answers
Suppose that you observe a market with four firms, each with about 25% market share. What does it suggest about the following at
emmasim [6.3K]

level of differentiation across the firm's offerings

Answer: Option C.

<u>Explanation:</u>

Differentiation are the differences that a firm might offer to his customers and clients. These differences make the firms different from each other which exist in the market.

More different and innovative practices that a firm has compared to the competitors, more successful it would be in the market and would have more customers attracted towards it because of the innovation and the differentiation.

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