Which of the following is a characteristic of a perfectly ...

[imanialler]

Which of the following is a characteristic of a perfectly competitive market?
 a. Homogeneous products.
 b. Barriers to entry.
 c. Substantial expenditures on advertising.
  d. All of the above.

Question 2

It is difficult to practice arbitrage for untradable services or for goods which have a few knowledgeable traders.
  Indicate whether the statement is true or false

[al]

Answer to Question 1

a

Answer to Question 2

T

[imanialler]

Excellent

[bulacsom]

Thanks for the timely response, appreciate it