If a Large Number of Firms Are Competing,the Market Could

question 115

Multiple Choice

If a large number of firms are competing,the market could be

• A) perfect competition or monopolistic competition.
• B) perfect competition or monopoly.
• C) monopolistic competition or oligopoly.
• D) monopolistic competition or monopoly.
• E) oligopoly or monopoly.

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Definitions:

Conservation

The principle that physical properties of objects, such as volume and mass, remain constant despite changes in their form or appearance.

Seriation

The cognitive ability to organize objects or items in a logical order, such as by size, number, or volume, essential in early childhood development.

Transitivity

In mathematics and logic, transitivity is a property of binary relations that if an element A is related to B, and B is related to C, then A is also related to C.

Mainstreaming

The educational practice of integrating children with special needs into standard classrooms and activities as much as possible.