Which of the Following Characteristics Is Required for a Perfectly

question 21

Multiple Choice

Which of the following characteristics is required for a perfectly competitive market?

• A)The goods offered for sale are exactly the same.
• B)There are so many buyers and sellers that no single buyer or seller has any influence over the market price.
• C)It is difficult for new sellers to enter the market.
• D)Both a and b are correct.

---

Definitions:

Incarcerated

Refers to being confined in a prison or jail.

Substance Abusers

Individuals who misuse drugs, alcohol, or other substances leading to health issues or negative impacts on social, professional, and personal life.

Mentally Ill

A term referring to individuals facing challenges with their mental health, affecting their day-to-day functioning.

Mentally Challenged

A term that refers to individuals who experience limitations in cognitive functioning and other mental capabilities.