Note AcademyNote Academy
Start

Economics · Oct / Nov 2018 · Paper 13 · Question 12

2281Types of markets

The table shows characteristics of a market. What are the characteristics of a perfectly competitive market?

  1. Aidentical, many, many, price taker
  2. Bidentical, one, many, price maker
  3. Csimilar, many, many, price taker
  4. Dunique, few, few, price maker

As printed in the paper

Show the answer

Correct answer: A. identical, many, many, price taker

Sit this whole paper →More on Types of markets

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.