A feature that is not characteristic of a perfectly competitive market is firms facing a downward sloping marginal revenue curve. O firms facing a perfectly elastic demand curve. O no barriers to entry. O O firms as price takers.

A feature that is not characteristic of a perfectly competitive market is firms facing a downward sloping marginal revenue curve. O firms facing a perfectly elastic demand curve. O no barriers to entry. O O firms as price takers.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 11SQ

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