Perfect competition is characterized by all of the following except group of answer choices a horizontal demand curve for individual sellers. heavy advertising by individual sellers. sellers are price takers. homogeneous products.

 heavy advertising by individual sellers is not a characteristic of perfect competition because in perfect competition it is assumed that both suppliers and consumers have perfect information about the product and its market. This means that by advertising the firm would gain no benefit and would only increase their marginal cost, as consumers already have information and the product is homo genus, which means that you cannot differentiate your product by advertising, therefore advertising wont increase the demand of your product, therefore it will only increase cost

Explanation:

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

what

explanation: