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Perfect competition is characterized by: A. rivalry in advertising. B. fierce quality competition. C. the inability of any one firm to influence price. D. widely recognized brands
Weegy: Perfect competition is characterized by: C. the inability of any one firm to influence price. [ ] (More)
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Asked 6/10/2013 8:14:03 PM
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An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by potential rivals is prohibitively difficult is: A. a duopoly. B. a monopoly. C. an oligopoly. D. perfect competition.
Weegy: An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by potential rivals is prohibitively difficult is: (b). Monopoly. (More)
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Asked 6/10/2013 8:18:35 PM
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