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Perfect Competition Quiz

Froggy Jumps

Test your knowledge about the perfect competition market structure with these 10 questions!

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Froggy Jumps

Perfect Competition QuizVersion en ligne

Test your knowledge about the perfect competition market structure with these 10 questions!

par sarah ayyad
1

What is the main characteristic of a perfect competition market structure?

2

In a perfect competition market, are there any barriers to entry for new firms?

3

What is the level of product differentiation in a perfect competition market?

4

What is the price determined by in a perfect competition market?

5

In a perfect competition market, can individual firms influence the market price?

6

What is the level of information available to buyers and sellers in a perfect competition market?

7

What is the level of advertising and marketing in a perfect competition market?

8

In a perfect competition market, can firms earn economic profits in the long run?

9

What is the level of control over price and output in a perfect competition market?

10

What is the level of market power in a perfect competition market?

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