Which of the Following Is a Necessary Condition of a Perfect

question 57

Multiple Choice

Which of the following is a necessary condition of a perfect market?

• A)no risk
• B)no taxes
• C)no inflation
• D)All of the above are necessary conditions for a market to be perfect.

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Definitions:

Systems Theory

An interdisciplinary framework that analyzes and describes complex entities as coherent systems with interconnected and interdependent parts.

Independent Parts

refers to components or elements that do not depend on each other to function or operate, allowing for versatility and flexibility in their use or assembly.

Systems Theory

A theoretical framework that analyzes complex systems in various fields, viewing them as interrelated and interdependent parts of a whole.

Progressive Movement

A broad political movement that seeks to advance societal conditions through reforms and advocacy for social justice and equity.