A Market Is Competitive If

question 554

Multiple Choice

A market is competitive if
(i) firms have the flexibility to price their own product.
(ii) each buyer is small compared to the market.
(iii) each seller is small compared to the market.

• A)(i) and (ii) only
• B)(i) and (iii) only
• C)(ii) and (iii) only
• D)(i), (ii), and (iii)

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Definitions:

Effective Meetings

Gatherings that are well-planned, focused, and produce clear outcomes, decisions, or actionable items.

Agenda Items

List of topics that will be discussed, addressed, or acted upon in a meeting.

Sympathetic Listeners

Individuals who show empathy and understanding when listening to others, often helping them feel heard and supported.

Showing Emotion

The act of expressing feelings such as happiness, anger, or sadness openly through facial expressions, body language, or verbal declarations.