Which of the Following Would Prevent a Market from Being

question 61

Multiple Choice

Which of the following would prevent a market from being classified as perfectly competitive?

• A)there are many buyers and sellers in the market
• B)it is easy for new firms to enter the market
• C)it is easy for existing firms to exit the market
• D)buyers perceive significant differences among the products of different sellers
• E)each buyer purchases only a tiny fraction of the total market quantity

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Definitions:

Negative Reinforcement

A process in learning whereby the likelihood of a behavior is increased by removing or avoiding a negative outcome or stimuli.

Secondary Learning

Learning that builds on previously acquired knowledge, skills, or understanding, often involving the application of basic concepts to new situations.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to the belief that one's actions have no effect on outcomes.

Aversive Stimulus

A stimulus that is unpleasant or painful, which an organism seeks to avoid or escape.