Which of the Following Is Always True in Competitive Price-Taker

question 101

Multiple Choice

Which of the following is always true in competitive price-taker markets?

• A) There are more sellers than buyers.
• B) Barriers to entry into the market are low.
• C) The products of firms in the industry are differentiated.
• D) The firms never earn economic profit.

---

Definitions:

Immigrant Population

Refers to the group of people who have moved to a country from another country to live permanently.

Incarceration Rates

The proportion of a population that is confined in prison or jail, often expressed per 100,000 individuals.

Crime Rates

The frequency or number of criminal offenses recorded in a given area or population within a specified period of time.

Climate Change

The long-term alteration of temperature and typical weather patterns in a place, often attributed to human activity.