The Competitive Model Assumes All of the Following EXCEPT

question 2

Multiple Choice

The competitive model assumes all of the following EXCEPT:

• A) a large number of buyers.
• B) easy entry to and exit from the market.
• C) standardized product.
• D) patents and copyrights that serve as barriers to entry into the industry.

---

Definitions:

Higher Motives

Desires that go beyond basic physiological needs, such as aspirations for achievement, self-actualization, and the search for meaning.

Extremely Stimulating Activities

Actions or tasks that highly engage and arouse interest, attention, or excitement.

Arousal Theory

A theory suggesting that people are motivated to maintain an optimal level of arousal, neither too high nor too low, which can affect performance and mood.

Leptin

A hormone predominantly made by adipose cells and enterocytes in the small intestine that helps to regulate energy balance by inhibiting hunger, which in turn diminishes fat storage in adipocytes.