问题 单项选择题

Which of the following is NOT a characteristic of perfect competition()

A. The products produced within a given market are homogenous.

B. The demand curve for an individual firm is a vertical line.

C. The size of each firm is small relative to the size of the overall market.

答案

参考答案:B

解析:

Under perfect competition individual firms have no control over price resulting in a demand schedule that is perfectly elastic or horizontal.

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