What Is a Market Structure Called with Large Numbers of Buyers

question 35

Multiple Choice

What is a market structure called with large numbers of buyers and sellers of differentiated products?

• A) supply and demand
• B) pure competition
• C) oligopoly
• D) monopolistic competition

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Definitions:

Electronically

A method of processing or transmitting information using electronic devices and systems.

Banking Day

A banking day is any day that a bank is open to the public for business. Generally, a banking business transacted after this time is usually considered to be the next day’s business. Saturdays, Sundays, and federal holidays are usually not considered banking days.

SUTA Limit

The maximum amount of earnings on which an employer is required to pay State Unemployment Tax Act taxes.

Wages Payable

An accounting term for the amount owed to employees for work performed that has not yet been paid.