Which of the Following Is Characteristic of a Purely Competitive

question 131

Multiple Choice

Which of the following is characteristic of a purely competitive seller's demand curve?

• A)Price and marginal revenue are equal at all levels of output.
• B)Average revenue is less than price.
• C)Its elasticity coefficient is 1 at all levels of output.
• D)It is the same as the market demand curve.

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Definitions:

Internalization

The process by which children adopt adults’ standards and rules as their own.

Power Assertion

A disciplinary method involving the use of authority or physical force to control or correct behavior.

Differential Susceptibility

Some physiological makeups can make an individual more likely to be affected by environmental influences than other people. For example, a child with a highly reactive temperament might be benefited more than other children by positive parenting but harmed more than others by negative parenting.

Temperaments

Inherent traits of a person's personality that influence their behavior and emotional reactions from a young age.