In a Competitive Market, No Single Producer Can Influence the Market

question 458

Multiple Choice

In a competitive market, no single producer can influence the market price because

• A)many other sellers are offering a product that is essentially identical.
• B)consumers have more influence over the market price than producers do.
• C)government intervention prevents firms from influencing price.
• D)producers agree not to change the price.

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Definitions:

Abdominal Muscles

A group of muscles in the abdominal region that supports the trunk, allows movement and holds organs in place.

Supporting the Abdomen

The function of various abdominal muscles and structures that work together to support the abdominal region.

Supporting the Lower Back

Practices and exercises aimed at strengthening the lumbar region to prevent pain and improve posture.

Moving the Arms

The action or process of relocating the upper limbs through the coordinated effort of muscles and joints.