Although There Are Many Reasons Why a Market Can Be

question 2

Multiple Choice

Although there are many reasons why a market can be non-competitive, the principal economic difference between a competitive and a non-competitive market is:

• A) the number of firms in the market.
• B) the extent to which any firm can influence the price of the product.
• C) the size of the firms in the market.
• D) the annual sales made by the largest firms in the market.
• E) the presence of government intervention.

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Definitions:

Nonprofit Sector

The part of an economy made up of organizations that are not aimed at profit-making but rather at serving a public or community benefit.

Resource Dependency

A theory that describes how external resources of organizations influence the organization's behavior and strategic decisions.

Recent Research

Studies, experiments, or scholarly work conducted or published in the near past, contributing to the current understanding of a specific field or topic.

Nonprofit Organizations

Organizations established for purposes other than generating profit, aiming to serve public or community benefits.