Author Question: A perfectly competitive market is characterized by the free entry and exit of firms. a. True b. ... (Read 68 times)

theo · **on:** Jun 30, 2018

A perfectly competitive market is characterized by the free entry and exit of firms.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The utility of a good is:
a. different for different consumers.
b. the same for all consumers.
c. constant no matter how much is consumed.
d. related to the cost of producing it.
e. easily measured.