Microeconomics

MCQ - 136-4146

Question:

Which of the following is a characteristic of perfect competition?

Firms produce a homogeneous product.
Barriers to entry exist.
Firms are price-setting profit maximizers.
Barriers to entry exist.
Long-run positive profits are available.

Correct Answer: A

Explanation:

Know the characteristics of all market structures.

Previous Question

Next Question

Back to Section

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following is a characteristic of perfect competition? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 136-4146.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

Share This Page

Full Films

TV Serials

Short Films

Upcoming Films