Competitive Markets Exist When

question 72

Multiple Choice

Competitive markets exist when

• A) there are so many buyers and sellers that each has only a small impact on the market price and the market output.
• B) there are more buyers than sellers,giving the buyers market power.
• C) there are more sellers than buyers,giving the sellers market power.
• D) accounting profits become zero because of price wars.
• E) prices are so low that everyone who wants the good or service gets the good or service.

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Definitions:

Client-centered Therapy

A form of psychotherapy developed by Carl Rogers that emphasizes providing a supportive environment in which clients can increase their self-awareness and self-acceptance.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud, focusing on exploring unconscious motives and conflicts.

Cognitive Therapy

A type of mental therapy aimed at altering detrimental thinking habits to enhance emotional well-being and actions.

Systematic Desensitization

A therapeutic technique used to gradually reduce fear or anxiety about a specific object, situation, or activity by slowly increasing exposure.