When There Are Large Numbers of Buyers and Sellers, Then

question 346

Multiple Choice

When there are large numbers of buyers and sellers, then

• A) the products sold must look identical.
• B) firms will move labor and capital in pursuit of profit-making opportunities to whatever business venture gives them the highest return on their investment.
• C) no one buyer or seller has any influence on price.
• D) consumers are able to find out about lower prices charged by other firms.

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Definitions:

Work Outcomes

The results or consequences of work performance, including productivity, job satisfaction, and turnover rates among employees.

Flexible Working Hours

An arrangement that allows employees to vary their start and finish times, often to accommodate personal needs or preferences.

Sense of Purpose

A personal belief or aim that gives someone motivation and direction in life.

Above-average Vacation

Refers to an employee benefits program that offers more vacation time than the standard or average amount typically provided by employers.