Which of the Following Is Not a Characteristic of a Perfectly

question 488

Multiple Choice

Which of the following is not a characteristic of a perfectly competitive market?

• A)There are many buyers and sellers.
• B)Firms can freely enter and exit the market.
• C)Many firms have market power.
• D)Firms sell very similar products.

---

Definitions:

Assignment

Tasks or activities given by a therapist to a client to complete outside of sessions, aimed at reinforcing topics discussed in therapy or promoting skill development.

Defense Mechanism

Psychological strategies employed by individuals to cope with reality and maintain a self-image, often unconsciously.

Rationalization

A defense mechanism in which controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.

REBT

Rational Emotive Behavior Therapy; a psychotherapeutic approach that helps individuals identify, challenge, and change irrational beliefs that lead to emotional distress.