In a perfectly competitive market, all producers sell goods or services. additionally, there are buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are price . true or false: the market for public utilities, such as gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets. true false

In a perfectly competitive market, all producers sell goods or services. Additionally, there are buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price .

TRUE

The market for public utilities, such as gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets

FALSE

Explanation:

A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. ... Perfect competition occurs when there are many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.