Which Characteristic of Competitive Markets Is Mainly Responsible for Firms

question 148

Multiple Choice

Which characteristic of competitive markets is mainly responsible for firms making zero economic profits in the long run?

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

---

Definitions:

1GB of RAM

A measure of memory capacity, equivalent to approximately 1 billion bytes, used by computers to support operating systems and applications.

XMP

Extreme Memory Profile, a technology from Intel that enables users to easily overclock their memory modules by applying pre-defined profiles.

BIOS/UEFI

Firmware interfaces between a computer's hardware and its operating system, facilitating the initial hardware checks and startup.

Memory Performance

The efficiency and speed at which data is read from and written to RAM, affecting the overall performance and responsiveness of a computer or device.