In a Competitive Market, No Single Producer Can Influence the Market

question 458

Multiple Choice

In a competitive market, no single producer can influence the market price because

• A)many other sellers are offering a product that is essentially identical.
• B)consumers have more influence over the market price than producers do.
• C)government intervention prevents firms from influencing price.
• D)producers agree not to change the price.

---

Definitions:

Mindfulness

A mental practice focusing on being intensely aware of what you're sensing and feeling in the moment, without interpretation or judgment.

Full Spectrum Awareness

Understanding and being mindful of a wide range of factors, perspectives, and influences in any situation or environment.

Present Moment

The current point in time, focused on the here and now, without concern for past or future events.

Sufism

A mystical Islamic belief system that seeks to find divine love and knowledge through direct personal experience of God.