Which one of the following is NOT the feature of perfect competitive market structure ?
Differentiated Product
Perfect competition has a very large number of buyers and sellers, so no single firm can influence price.
Products are homogeneous (identical), so buyers have no preference for any seller.
Factors of production are perfectly mobile, and there is free entry and exit with perfect knowledge.
Differentiated product, on the other hand, is a feature of monopolistic competition, where each firm sells a slightly different product and has some control over price.
Hence, the answer is Differentiated Product.
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.................... is a client server application that identifies each host on the internet with a unique user-friendly name.
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(i) Kernel
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(ii) Assembly language
(iii) High level language
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