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Which of the following is NOT a characteristic of a perfectly competitive market?
- a)Price discrimination
- b)Free entry and exit
- c)Perfect information
- d)Homogeneous products
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following is NOT a characteristic of a perfectly competit...
Price discrimination is NOT a characteristic of a perfectly competitive market. Price discrimination refers to the practice of charging different prices to different customers based on their willingness to pay. In a perfectly competitive market, all firms sell identical or homogeneous products at the same price to all customers. There is no differentiation or customization of prices based on individual customer preferences or characteristics.
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Which of the following is NOT a characteristic of a perfectly competitive market?a)Price discriminationb)Free entry and exitc)Perfect informationd)Homogeneous productsCorrect answer is option 'A'. Can you explain this answer?
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Which of the following is NOT a characteristic of a perfectly competitive market?a)Price discriminationb)Free entry and exitc)Perfect informationd)Homogeneous productsCorrect answer is option 'A'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about Which of the following is NOT a characteristic of a perfectly competitive market?a)Price discriminationb)Free entry and exitc)Perfect informationd)Homogeneous productsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is NOT a characteristic of a perfectly competitive market?a)Price discriminationb)Free entry and exitc)Perfect informationd)Homogeneous productsCorrect answer is option 'A'. Can you explain this answer?.
Which of the following is NOT a characteristic of a perfectly competitive market?a)Price discriminationb)Free entry and exitc)Perfect informationd)Homogeneous productsCorrect answer is option 'A'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about Which of the following is NOT a characteristic of a perfectly competitive market?a)Price discriminationb)Free entry and exitc)Perfect informationd)Homogeneous productsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is NOT a characteristic of a perfectly competitive market?a)Price discriminationb)Free entry and exitc)Perfect informationd)Homogeneous productsCorrect answer is option 'A'. Can you explain this answer?.
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