All of the following are characteristics of a perfectly competitive market except: Group of answer choices barriers to entry perfectly elastic demand a large number of sellers a homogeneous product

barriers to entry

Explanation:

The characteristics or attributes of the perfectly competitive market are as follows

1. There are large number of buyers and seller who purchase and sales similar kind of products

2. No transaction is involved

3. No barrier for entry and exit into the market

4. It contains the perfectly elastic demand

5. Perfect knowledge about the products

Therefore the first option is considered

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

the correct answer is:     [c]:     " cyclical unemployment " .