Which of Following Is a Key Assumption of a Perfectly

question 34

Multiple Choice

Which of following is a key assumption of a perfectly competitive market?

• A) Firms can influence market price.
• B) Commodities have few sellers.
• C) It is difficult for new sellers to enter the market.
• D) Each seller has a very small share of the market.
• E) none of the above

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Definitions:

Neurons

The basic working units of the brain and the nervous system, cells responsible for receiving sensory input from the external world, sending motor commands to our muscles, and transforming and relaying the electrical signals at every step in between.

At Rest

A state where an object or individual is not in motion and is devoid of external forces acting upon it.

Left Brain

The hemisphere of the brain that is often associated with analytical and logical processes, including language, math, and reasoning skills.

Right Brain

Refers to the right hemisphere of the brain, often associated with creative thinking, intuition, and artistic skills.