Which of the following is NOT a feature of a competitive market?

1. A Option A: Firms generate small but positive economic profits in the long run
2. B Option B: The goods offered for sale are largely the same
3. C Option C: Firms can freely enter or exit the market
4. D Option D: There are many buyers and sellers in the market
5. E Option E: All of these answers are characteristics of a competitive market

Answer checked 11 October 2026 · How we write and check questions