Which of the Following Characteristics of a Farmers' Market Make

question 149

Multiple Choice

Which of the following characteristics of a farmers' market make it a good example of a perfectly competitive market?

• A) Selling product at a farmers' market was very profitable for farmers in the early 2000s. As result, many farmers sold their farms to larger firms.
• B) Farmers who sell product at a farmers' market are similar to other entrepreneurs who introduce products that earn short-run profits but invite competition that drives down prices and profits in the long run.
• C) Farmers who sell product at a farmers' market are similar to other business owners who take advantage of the willingness of some consumers to pay high prices for new and different products.
• D) Farmers selling product at a farmers' market provide a product that is a necessity, rather than a luxury.

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Definitions:

Health Anxiety

Excessive worrying about having a serious illness, leading to significant distress or impairment in daily functioning.

Somatic Symptom

Somatic symptom disorder involves experiencing significant focus on physical symptoms, such as pain, that causes major emotional distress and difficulties in functioning.

Diagnostic Category

A classification used in diagnostic systems, such as the DSM or ICD, to organize and describe specific mental health conditions based on symptom patterns.

Scientific Reasons

Explanations or justifications for phenomena, based on empirical evidence and logical reasoning as per the scientific method.