Why Does Market Price Prevail in a Perfectly Competitive Market

question 126

Multiple Choice

Why does market price prevail in a perfectly competitive market?

• A)because there are wealthy buyers
• B)because the market is unregulated
• C)because there are distinctive products
• D)because no one has market power

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Definitions:

Cardinal Positions

Refers to the primary directions in which an individual can move their eyes, aiding in the assessment of ocular muscle function.

Positive Romberg Sign

A clinical indication of a loss of proprioception, where closing the eyes increases unsteadiness or falls, used in neurological examinations.

Ortolani Sign

A clinical sign used to detect dislocation of the hip in infants, involving a specific maneuver by a healthcare provider.

Modified Allen Test

A medical test used to evaluate the blood supply to the hand, ensuring the patency of the radial and ulnar arteries.