Which of the Following Describes a Characteristic of a Perfectly

question 113

Multiple Choice

Which of the following describes a characteristic of a perfectly competitive market?

• A)There are many buyers but few sellers.
• B)There are many sellers but few buyers.
• C)There are many buyers and sellers.
• D)Equilibrium is achieved when demand for the product sold in the market equals the supply.

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Definitions:

Ethical Behavior

Conduct that is consistent with what society, individuals, or businesses consider to be good values or moral principles.

Organizational Commitment

The psychological attachment and loyalty an employee has towards their organization, influencing their willingness to remain part of the team.

Kinds

Kinds refer to categories or types that share common characteristics or attributes.

Volunteer Shift

A designated period in which individuals offer their services or time to work on behalf of a cause or organization without compensation.