The Competitive Model Assumes All of the Following EXCEPT

question 211

Multiple Choice

The competitive model assumes all of the following EXCEPT:

• A) a great number of buyers.
• B) easy entry into and easy exit from the market.
• C) complete information on the part of buyers and sellers.
• D) that firms attempt to maximize their total revenue.

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Definitions:

Psychiatric Patients

Individuals receiving medical treatment for disorders that affect the mind, emotions, and behavior.

Mental Disorder

A wide range of conditions that affect mood, thinking, and behavior, leading to distress or impairment in functioning.

Substance Abuse

Diagnosis given in the DSM-IV when a person’s recurrent substance use leads to significant harmful consequences, as manifested by a failure to fulfill obligations at work, school, or home; the use of substances in physically hazardous situations; legal problems; and continued use despite social and legal problems.

Substance Abuse

The dangerous use of substances that affect the mind, including both alcohol and illegal drugs.