Which of the Following Is Not a Characteristic of a Purely

question 26

Multiple Choice

Which of the following is not a characteristic of a purely competitive market?

• A)Enough sellers and buyers so that no one of them acting alone can influence the price of this product
• B)The ability of a single seller to block potential competitors out of the market
• C)Freedom of the price to move up or down,that is,no price fixing
• D)Mobility of buyers and sellers
• E)A standardized product

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually triggers a conditioned response.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention.

Unconditioned Response

An automatic, natural response to a stimulus that occurs without prior learning or conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response.