Which of the following is NOT a charactersitic of the model of perfectly competitive market? a) Many sellers produce an identical product. b) Firms can increase their prices by reducing their product. c) Firms have freedome of entry into the market. d) No signs firm can influence the market price

Which of the following is NOT a charactersitic of the model of perfectly competitive market? a) Many sellers produce an identical product. b) Firms can increase their prices by reducing their product. c) Firms have freedome of entry into the market. d) No signs firm can influence the market price

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Perfect Competition

Section9.1: The Theory Of Perfect Competition

Problem 3ST

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Question

Which of the following is NOT a charactersitic of the model of perfectly competitive market?

a) Many sellers produce an identical product.

b) Firms can increase their prices by reducing their product.

c) Firms have freedome of entry into the market.

d) No signs firm can influence the market price.

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