Which of the Following Statement Is FALSE

question 60

Multiple Choice

Which of the following statement is FALSE?

• A) Perfectly competitive markets are composed of many buyers and sellers.
• B) Some markets may have only a few sellers but exhibit the properties of perfect competition.
• C) A market may be composed of only one buyer and one seller.
• D) All of the above statements are correct.

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Definitions:

Bonds

Financial instruments representing a loan made by an investor to a borrower, typically corporate or governmental.

Precipitation

Any form of water, liquid or solid, that falls from the atmosphere and reaches the ground.

Groundwater

The subsurface water that occupies the pore spaces in soils and rocks, serving as a major source of fresh water for many areas.

Seas Saltier

A condition resulting from the evaporation of ocean water, which increases the concentration of salts, making the seas saltier.