Competition Means That

question 32

Multiple Choice

Competition means that:

• A)sellers can cause artificial product scarcities and thereby manipulate market price.
• B)there are large numbers of independently acting buyers and sellers in each market.
• C)a given product can be purchased at a number of different prices.
• D)there is only one seller in a market.

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Definitions:

Phallic Stage

A phase in Freudian psychosexual development, occurring around ages 3-6, focusing on the genitals and differences between sexes.

Psychoanalysts

Professionals who study and treat the unconscious factors that influence behaviors, thoughts, and feelings, based on the theories and methods of Freud.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories about the unconscious mind and the development of sexuality.

Fixation

In psychology, an obsessive focus or attachment to an idea, object, or person, often at the expense of the development of other aspects of one's life.