A Key Characteristic of Competitive Markets Is the Ability of Firms

question 111

True/False

A key characteristic of competitive markets is the ability of firms to open and close businesses without unnecessary restrictions or other burdens.

---

Definitions:

Y Chromosome

A sex chromosome typically associated with male characteristics in species that have XY sex-determination systems, carrying genes important for male reproduction.

ABO Blood Group

A classification system for human blood based on the presence or absence of A and B antigens on the surface of red cells, which determines compatibility for blood transfusion.

Codominance

A genetic scenario where two different alleles of a gene are expressed equally in the phenotype of a heterozygous individual.

Incomplete Dominance

A genetic phenomenon in which heterozygous alleles result in a phenotype that is a blend of the two parental traits.