Competition Means That

question 184

Multiple Choice

Competition means that

• A) sellers can manipulate market price by causing product scarcities.
• B) there are independently acting buyers and sellers in each market.
• C) a product can be purchased at a number of different prices.
• D) there is more than one seller in a market.

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Definitions:

Check Register

A record of financial transactions, especially checks written and deposits made, in a checking account.

Deposit

A sum of money placed into an account or with a financial institution as a part of a transaction or for safekeeping.

Check Register

A record book or a ledger that tracks all the checks written, deposits made, and current balance of a checking account.

Deposit

A deposit is a sum of money placed into an account or given as security for a financial transaction.