In a Competitive Market, Suppliers Have Little Reason to Charge

question 207

Multiple Choice

In a competitive market, suppliers have little reason to charge different prices because:

• A)they have little reason to charge a lower price
• B)if they a charge a higher price, buyers will purchase from someone else
• C)only B is true
• D)both A and B are true

---

Definitions:

Stress

A feeling of emotional or physical tension that can come from any event or thought leading to frustration, anger, or nervousness.

Males and Females

The two primary categories of sex distinction in organisms, based on reproductive organs and functions.

Defensive Coping

Psychological strategies used unconsciously to protect oneself from anxiety, societal condemnation, or feelings of inferiority.

Successful Adjustment

The effective adaptation or coping of an individual in response to new or challenging circumstances, leading to a state of psychological well-being.