In a Perfectly Competitive Market Structure Both Buyers and Sellers

question 370

Multiple Choice

In a perfectly competitive market structure both buyers and sellers have equal access to information. This implies

• A) the products sold will be alike.
• 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.

---

Definitions:

Acetylcholine

A neurotransmitter in the brain that plays an important role in muscle contraction, arousal, and memory.

Pons

A structure of the hindbrain involved in respiration, attention, and sleep and arousal.

Craving

A powerful and intense desire or longing for something, often related to addiction or emotional needs.

Cocaine Addict

Refers to an individual who is dependent on the psychoactive drug cocaine, characterized by the compulsion to use the substance despite harmful consequences.