Which of the following is NOT a characteristic of perfectly competitive markets? Multiple Choice Each buyer purchases only a small fraction of the total quantity exchanged Each supplier produces a unique variety of the good. Firms can easily enter and exit the market. Buyers and sellers are well-informed. e here to searchIf three firms produce 92 percent of all ketchup bought and sold in the market, then this suggests that Multiple Choice Print eferences the market price of ketchup is below the equilibrium price. O there is excess supply in the market for ketchup. the market for ketchup is not perfectly competitive. O the market for ketchup is perfectly competitive. MC Type here to search m WI 9 es WCTRNA8820723 DELL Premie! not anes weaker inon Protein