(Solved): 4. Which of the following is not an assumption we are relying on to analyze a competitive market? ...

4. Which of the following is not an assumption we are relying on to analyze a competitive market? A. Decreasing Costs when production increases B. Products are perceived as homogenous C. Free Entrance and Exit D. A large number of sellers and buyers meet on the market 5. You are observing a market. Which of the following observations would indicate beyond any doubt that the market does not fulfill all conditions for a perfect competition? A. You observe that companies report profits in their yearly reports. B. One company bankrupted in the last year C. Three companies joined the market in the last year D. Every time when the CEOs of the companies active in the market meeting each other, you can observe a change in prices.