Which of the Following Statements Is True About a Competitive

question 132

Multiple Choice

Which of the following statements is true about a competitive market? A competitive market

• A)includes markets for goods and services but not for inputs.
• B)has one seller competing to sell his or her product.
• C)must have a physical location.
• D)has so many buyers and sellers that no one can influence the price.
• E)has only a handful of sellers but always has many buyers.

---

Definitions:

Frontal Lobe

A region of the brain located at the front of the cerebral cortex, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Inhibiting Behavior

Actions or patterns that restrain or hold back certain responses.

Extraverts

Individuals who are outgoing, sociable, and energized by interactions with other people.

Western Cultures

Societies, primarily in the Western hemisphere, characterized by a set of values including democracy, rationalism, and individualism.