One Characteristic of a Perfectly Competitive Market Is That There

question 72

Multiple Choice

One characteristic of a perfectly competitive market is that there are _____ sellers of the good or service.

• A)one or two
• B)a few
• C)usually fewer than 10
• D)many

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Definitions:

Reduce Tension

Strategies or activities aimed at lowering stress or alleviating pressure in individuals.

Physical Development

Development involving the body’s physical makeup, including the brain, nervous system, muscles, and senses, and the need for food, drink, and sleep.

Cohort

A group of individuals who share a common characteristic typically within a defined period, often used in studies or statistical analyses.

Scientific

Related to or based on the methods and principles of science, emphasizing empirical evidence, and systematic experimentation.