Economics · Market Structures

Which one of the following is NOT a feature of a perfectly competitive market structure?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Differentiated products✓
2Perfect mobility of factors of production
3Large number of buyers and sellers
4Homogeneous product

Correct answer

Differentiated products

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Which one of the following is NOT a feature of a perfectly competitive market structure?

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Which one of the following is NOT a feature of a perfectly competitive market structure?

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