assumption perfectly competitive markets quizlet

Which of the following is not an assumption of perfectly competitive markets quizlet?

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Which of the following is not an assumption of perfectly competitive?

The correct answer is C. restrictions on entry into the market.

Which of the following is not an assumption of the perfectly competitive market model quizlet?

Perfect competition is a model of the market that assumes all of the following EXCEPT: firms face downward-sloping demand curves. The assumptions of perfect competition imply that: individuals in the market accept the market price as given.

Which of the following is an assumption in a perfectly competitive market?

Perfect competition is a model of the market based on the assumption that a large number of firms produce identical goods consumed by a large number of buyers. The model of perfect competition also assumes that it is easy for new firms to enter the market and for existing ones to leave.

Which of the following is not a characteristic of a perfectly competitive market?

Option b. This option is correct because the ability to control the price is not characteristic of perfect competition. In a perfectly competitive market, there are many buyers and sellers that influence the market price of nearly homogeneous products and there are no barriers to entry or exit from the market.

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