Which of the Following Is an Example of Perfect Competition

question 81

Multiple Choice

Which of the following is an example of perfect competition?

• A) One large firm supplies the entire product to the market
• B) Two firms supply the entire market and compete with each other for customers
• C) Many small firms all produce the same good
• D) Many firms supply the same product essentially,but each has significant brand loyalty

---

Definitions:

Prozac

A brand name for fluoxetine, a widely used antidepressant medication that belongs to the selective serotonin reuptake inhibitor (SSRI) class.

Serotonin Synapses

Junctions between neurons where serotonin, a key neurotransmitter involved in regulating mood and behavior, is released and received.

Dopamine

A neurotransmitter involved in controlling the brain's reward and pleasure centers, as well as regulating movement and emotional responses.

Schizophrenia

A mental disorder characterized by distorted thinking, perceptions, emotions, language, sense of self, and behavior.