Which of the Following Is a Term That Is Sometimes

question 196

Multiple Choice

Which of the following is a term that is sometimes used to describe markets with low entry barriers and firms that are price searchers?

• A) pure competition
• B) monopoly
• C) monopolistic competition
• D) oligopoly

---

Definitions:

Mental Capacity

An individual's ability to make decisions or understand information, particularly in legal and medical contexts.

Universal Human Principles

Fundamental norms, values, or truths that are widely accepted across different cultures and societies as inherently right or just.

Universal Principles Stage

A theoretical stage in moral development proposed by Lawrence Kohlberg, where moral reasoning is based on internalized and universal principles of justice.

Greatest Good

A principle aimed at achieving the maximum positive outcome or benefit for the largest number of people.