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.

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Definitions:

Job Application Process

involves the steps an individual takes to apply for a job, including submitting a resume and cover letter, attending interviews, and potentially undergoing testing or background checks.

Flexible Work Plans

Arrangements that allow employees to have varied work hours or locations, promoting a balance between work responsibilities and personal life.

Absenteeism

The frequent absence of an employee from work which goes beyond normal or expected levels, often without good reason.

Worker Safety

Practices and policies in place to protect employees from hazards in their workplace.