Which of the Following Lists the Three Main Characteristics of a Competitive

question 76

Multiple Choice

Which of the following lists the three main characteristics of a competitive market?

• A) many buyers and sellers, similar products, easy entry into the market
• B) many buyers and few sellers, similar products, easy entry into the market
• C) many buyers and sellers, differentiated products, easy entry into the market
• D) many buyers and sellers, similar products, barriers to entry into the market
• E) many buyers and few sellers, unique products, barriers to entry into the market

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Definitions:

Study Team

A group of individuals who come together to share knowledge, resources, and support in pursuit of common academic goals.

Motivator

An internal or external factor that stimulates individuals to act or behave in a certain way towards achieving a goal.

Formal Evaluation

A systematic assessment process to evaluate an individual's performance or a program's effectiveness, usually structured and documented.

Teaching Certificate

A qualification awarded to individuals who have met the necessary education and testing requirements to teach in schools.