Which Characteristic of Competitive Markets Is Mainly Responsible for Ensuring

question 64

Multiple Choice

Which characteristic of competitive markets is mainly responsible for ensuring that prices will be kept low?

• A) many buyers
• B) many sellers
• C) similar goods
• D) easy entry into and exit from the market
• E) differentiated goods

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Definitions:

Gender Identity

A person's innate feeling of their gender identity, which can differ from the sex assigned to them at birth.

Self-Control

Controlling one's emotional responses, cognitive processes, and actions in situations presenting temptations and spontaneous impulses.

Rationalization

In psychoanalytic theory, the defense mechanism that produces a seemingly logical rationale for an impulse or thought that otherwise would cause anxiety.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.