In Which Market Structure Are Price Fluctuations Most Common

question 10

Multiple Choice

In which market structure are price fluctuations most common?

• A)oligopoly
• B)price fluctuations occur with the same frequency in all market structures
• C)perfect competition
• D)monopoly
• E)monopolistic competition

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Definitions:

Accumulators

Devices in hydraulic systems that store fluid under pressure, used to absorb shock or maintain pressure.

Potential Energy

The energy possessed by an object because of its position relative to others, stresses within itself, its electric charge, or other factors.

Dampen Shock

To reduce or absorb the impact of vibrations, impacts, or oscillations in a system, typically through the use of dampers or shock absorbers.

Fixed Displacement

Pertains to pumps or engines where the volume of fluid or gas moved per cycle is constant, unrelated to pressure or flow rate.