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:

Executive Recruiters

Professional consultants who specialize in identifying and attracting top-level management and executive talent for organizations.

Employment Agencies

Organizations that match employers with job seekers to fill open positions.

Anti-Discrimination Laws

Legal provisions designed to prevent unfair treatment of individuals based on characteristics such as race, gender, age, or religion in various settings, including employment and housing.

Bona Fide Occupational Qualifications

Employment criteria justified by the nature of a specific job, allowing for discrimination in hiring if such criteria are essential for job performance.