An Assumption of the Model of Perfect Competition Is

question 14

Multiple Choice

An assumption of the model of perfect competition is:

• A)identical goods.
• B)difficult entry and exit.
• C)few buyers and sellers.
• D)cooperation and interdependence between sellers.

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Definitions:

Trust

Firm belief in the reliability, truth, ability, or strength of someone or something.

Self-Awareness

Self-Awareness is the conscious knowledge of one's own character, feelings, motives, and desires.

Peak Communication

The most effective or highest level of exchange of information between individuals or groups, marked by clear understanding and mutual comprehension.

Johari Window

A model that describes the relationship between self-disclosure and self-awareness, used in understanding personal and interpersonal communication.