Which of the Following Describes a Characteristic of a Perfectly

question 113

Multiple Choice

Which of the following describes a characteristic of a perfectly competitive market?

• A)There are many buyers but few sellers.
• B)There are many sellers but few buyers.
• C)There are many buyers and sellers.
• D)Equilibrium is achieved when demand for the product sold in the market equals the supply.

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Definitions:

Virtual World

A computer-based simulated environment where users can interact with each other and create objects as part of that interaction.

Multi-Page Websites

Websites that spread their content across multiple pages, as opposed to single-page sites, to organize information more effectively.

Digital Means

Refers to methods or processes that use digital technologies or electronic tools.

Conversational Exchanges

The interactive communication between two or more parties where ideas, information, or feelings are shared verbally.