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

Understand the concept of learning selectivity and constraints on learning.

Describe the behavior systems approach and its assumptions regarding learning and instinct.

Acknowledge the role of environmental and species-specific factors in the learning process.

Recognize the importance and methods of preventing aversive conditioning in clinical settings.

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