Which Condition Will Encourage Competition

question 114

Multiple Choice

Which condition will encourage competition?

• A)government licensing requirements in order to enter an industry
• B)a small number of buyers and sellers in a market
• C)the freedom of sellers and buyers to enter or exit an industry
• D)the government serving as the only supplier of goods to consumers

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Definitions:

Genomes

The complete set of DNA, including all of its genes, in an organism or a cell.

Personality Traits

Consistent patterns of thoughts, feelings, and behavior that characterize an individual across different situations.

Attitudes

A person's feelings, beliefs, and behavioral predispositions toward people, objects, ideas, or situations.

Fraternal Twins

Twins that develop from two different eggs fertilized by two different sperm cells, making them genetically unique from each other, similar to regular siblings.