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Which of the following is not a characteristic of a perfectly competitive market structure?a. There are a very large number of firms that are small compared to the marketb. All firms sell identical productsc. There are restrictions on exit of firmsd. There are no restrictions to entry by new firms

Respuesta :

TomShelby

Answer:

c. There are restrictions on exit of firms

NOT perfectly competitive market

businees can either enter or exit the market without restriction PCM

Explanation:

a. There are a very large number of firms that are small compared to the market

That is the main caracteristic of a perfectly competitive market, because there are a lot of small firm none can influence in the price or quantity

b. All firms sell identical products

Also a caracteristic of a competitive market, if the product were subtancially different, then it be possible to influence the price and demand of the diferent product

d. There are no restrictions to entry by new firms

adeoladokun31

There are restrictions on exit of firms is not a characteristics of perfectly competitive market structure.

What is Perfect competitive market structure?

Perfect competitive market structure is aa type of market structure where all producers and consumers have access to full and symmetric information and there is no any form of transaction costs. There are many producers and consumers competing with one another in this kind of environment.

Therefore, There are restrictions on exit of firms is not a characteristics of perfectly competitive market structure

Learn more about perfectly competitive market structure here.

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