How Does Ebay Differ from an Economist's View of a Perfect

question 18

Multiple Choice

How does Ebay differ from an economist's view of a perfect competitive market?

• A)Ebay has few buyers whereas perfect competitive industry assumes many buyers
• B)Ebay has few sellers whereas perfect competitive industry assumes many sellers
• C)There is limited information in ebay whereas perfect competitive industry assumes full information for both buyers and sellers
• D)There is no difference between these two markets.

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Definitions:

Withdrawal Response

Withdrawal response is a behavior where an individual disengages or distances themselves from a particular situation, often as a strategy to avoid stress or conflict.

Job Performance

The measure of how well an individual executes their work tasks and responsibilities.

Informal Voluntary Activity

Non-compulsory actions or participation by individuals or groups that are not officially sanctioned or structured by an organization.

Organizational Profitability

The extent to which an organization generates financial gain, typically measured through revenue exceeding expenses.