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Sarah is a university student active on a social networking website. Some of her classmates continually attempt to ruin her reputation with regular posts of unwarranted and unflattering details of her personal life. In this scenario, the misbehavior of Sarah's classmates can be best described as _____.
Price Takers
Economic agents who accept the prevailing market prices and have no influence over them due to their small market share.
Barriers To Entry
Obstacles that make it difficult to enter a particular market, such as high start-up costs, access to technology, or strict regulations.
Dynamic Process
A process characterized by constant change, activity, or progress.
Dollar Votes
The concept in economics that consumers "vote" for products and services they desire through the expenditure of their money.
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