The Conditions for a Perfectly Competitive Market Include Which One

question 116

Multiple Choice

The conditions for a perfectly competitive market include which one of the following?

• A)Firms behave as price takers.
• B)Profits are zero in the short run.
• C)New entrants cannot threaten the position of existing firms.
• D)Firms can control prices.
• E)Firms must employ the newest technologies as soon as they are developed.

---

Definitions:

StringBuffer Variables

Objects in Java that represent strings of characters which can be easily modified in terms of content and length.

Nesting Methods

Placing one method inside another or calling a method from within the body of another method in programming.

Loops

Loops in programming are constructs that repeat a block of code multiple times until a specified condition is met.

Class String

A class in Java that is used to create and manipulate a sequence of characters.