A Key Characteristic of Competitive Markets Is the Ability of Firms

question 111

True/False

A key characteristic of competitive markets is the ability of firms to open and close businesses without unnecessary restrictions or other burdens.

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Definitions:

Ethnology

The comparative and analytical study of cultures; a branch of anthropology that examines the cultural variations among humans.

Archaeology

The study of human cultures through the recovery and analysis of material remains and environmental data.

Material Remains

Material remains are the physical evidence of past human activities, often studied in archaeology, including artifacts, structures, and other tangible cultural items.

Environmental Data

Information and statistics about the natural world, including climate patterns, pollution levels, and biodiversity.