What Is a Market Structure Called with Large Numbers of Buyers

question 35

Multiple Choice

What is a market structure called with large numbers of buyers and sellers of differentiated products?

• A) supply and demand
• B) pure competition
• C) oligopoly
• D) monopolistic competition

---

Definitions:

Interaction

The interplay that occurs when the effect of one factor (such as environment) depends on another factor (such as heredity).

Environment

The external physical, social, and cultural context in which an organism or entity exists.

Heredity

The passing of traits from parents to their offspring through genes, which influence a wide range of characteristics such as appearance, behavior, and disease susceptibility.

Temperament Stability

The degree to which a person's temperament, including traits like mood and emotional reactivity, remains consistent over time.