Which of the following is NOT a characteristic of a competitive market

Related MCQs

• The market demand curve for a perfectly competitive industry is QD = 12 - 2P. The market supply curve is QS = 3 + P. The market will be in equilibrium if
• A market is clearly NOT perfectly competitive if which of the following is true in equilibrium
• Which of the following is not a feature of a perfectly competitive market
• Which of the following markets comes close to satisfying the assumptions of a perfectly competitive market structure?
• Price is constant or "given" to the individual firm selling in a purely competitive market because:
• In a perfectly competitive market
• The three primary characteristics of a perfectly competitive market are
• In a Perfect competitive market
• If one perfectly competitive firm increases its level of output, market supply
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is