Which of the Following Lists Three Main Characteristics of a Competitive

question 74

Multiple Choice

Which of the following lists three main characteristics of a competitive market?

• A) many buyers and sellers,similar products,easy entry into the market
• B) many buyers and few sellers,similar products,easy entry into the market
• C) many buyers and sellers,differentiated products,easy entry into the market
• D) many buyers and sellers,similar products,barriers to entry into the market
• E) many buyers and few sellers,unique products,barriers to entry into the market

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Definitions:

Adult Learning Cycle

A concept in educational theory that describes how adults learn in a cyclical process of experience, reflection, conceptualization, and application.

Reflecting

The process of deep thinking or pondering over experiences, ideas, or emotions to gain insights or understanding.

Teaching

The act or profession of imparting knowledge, skills, or beliefs, typically in an educational setting.

Multi-Tasking

The process of handling more than one task at the same time.