Which of the Following Is an Ideal Condition for a Free

question 14

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 a few 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 significant barriers to entering the market.
• 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 very strong preferences as to which seller or buyer they would deal with.

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Definitions:

Females

Individuals of a species that are biologically characterized by the production of ova (eggs) and typically possess distinct anatomical and physiological features related to this reproductive role.

Heterosexual

A sexual orientation characterized by an attraction to members of the opposite sex.

Queer

A term used to describe sexual and gender identities that are not heterosexual or cisgender.

Bisexual

A sexual orientation where an individual is attracted to both males and females.