Which of the Following Lists the Three Main Characteristics of a Competitive

question 76

Multiple Choice

Which of the following lists the three main characteristics of a competitive market?

• A) many buyers and sellers, similar products, easy entry into the market
• B) many buyers and few sellers, similar products, easy entry into the market
• C) many buyers and sellers, differentiated products, easy entry into the market
• D) many buyers and sellers, similar products, barriers to entry into the market
• E) many buyers and few sellers, unique products, barriers to entry into the market

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Definitions:

Empowering

Giving someone the authority or power to do something, often leading to increased confidence and autonomy.

Shared Leadership

Shared leadership is a team management approach where leadership roles and responsibilities are distributed among team members, rather than centralized in a single leader, promoting collaboration and empowerment.

Self-Leadership

The practice of intentionally influencing your thinking, behaviors, and actions towards your objectives, embodying both self-management and self-motivation aspects.

Followership

Individuals’ capacity to cooperate with leaders.