Which of the Following Is a Characteristic of a Competitive

question 3

Multiple Choice

Which of the following is a characteristic of a competitive market?

• A)There are no transactions costs.
• B)There are an infinite number of buyers and sellers, none of whom has any market power.
• C)There are no taxes.
• D)All of the above are characteristics of a competitive market.

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Definitions:

Chronic Infections

Long-term infections that persist for months or years, often due to the inability of the immune system to clear the pathogen.

Latent Infections

Inactive infections in the body that have the potential to become active under certain conditions, often without showing immediate symptoms.

Direct Transmission

The immediate transfer of disease-causing agents between hosts through physical contact or proximity.

Indirect Transmission

The transfer of an infectious agent from a reservoir to a susceptible host via an intermediary object, vector, or animal.