In a Market System, Which of the Following Will Eliminate

question 58

Multiple Choice

In a market system, which of the following will eliminate high-cost producers, and allow only the low-cost producers to survive?

• A) Competition
• B) Money
• C) A sovereign government
• D) Specialization

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Definitions:

Adult Organism

An organism that has reached its full developmental or mature stage, especially in terms of reproductive capacity.

Structure

The arrangement or organization of parts to form an organism, system, or object, often determining its function and properties.

Multicellularity

The state or condition of an organism being composed of multiple cells that work together, often specializing in functions, contributing to the organism's overall survival and reproduction.

Transition

A change or shift from one state, condition, or phase to another, often used in various contexts such as ecological, social, or technological changes.