Which of the Following Is an Ideal Condition for a Free

question 22

Multiple Choice

Which of the following is an ideal condition for a free market?

• A)There are no parties,institutions,or governmental units regulating the quantity of the goods being bought or sold in the market.
• B)There are many buyers and many sellers,and all of them have a substantial share of the market.
• C)All the buyers and sellers in the market are free to leave the market but there are entry barriers.
• D)All buyers have full knowledge of what other buyers and sellers are up to including quantity of goods sold,but not the prices and quality of goods being sold.
• E)The participants in the market have strong preferences as to which seller or buyer they would deal with.

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Definitions:

Artificial Eye

A prosthetic device, also known as an ocular prosthesis, designed to replace a missing or damaged eye.

Lubricant

A substance used to reduce friction between surfaces in mutual contact, which can either be natural or synthetic, commonly used in sexual activities to decrease discomfort.

Somatic Pain

Discomfort that arises from ligaments, tendons, bones, blood vessels, and nerves.

Sprained Ankle

An injury involving the stretching or tearing of ligaments around the ankle, often caused by twisting or rolling the foot.