benchmarks.wiki

benchmarks.wiki / Public workspace

MMLU-Pro / 6901 / Which of the following is a characteristic of perfect competition?

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Which of the following is a characteristic of perfect competition?

category

economics

options

  1. Only one firm controls the entire market.
  2. Firms produce a homogeneous product.
  3. The government sets the price for all products.
  4. Firms produce a diverse range of products.
  5. Firms are price-setting profit maximizers.
  6. Firms can differentiate their products.
  7. Barriers to entry exist.
  8. Firms can freely enter and exit the market.
  9. The government regulates the price so that deadweight loss is eliminated.
  10. Only a few firms dominate the market.

src

ori_mmlu-high_school_microeconomics

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

upstream_id / Original problem ID
6901
task_id
04755d7e-804d-5464-a2bc-de4abdc7fb87
task_key
default--test--6901
task_revision_id
1
config / split
default / test

Official source

initial import