Which of the Following Is an Ideal Condition for a Free

question 22

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 many 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 entry barriers.
• 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 strong preferences as to which seller or buyer they would deal with.

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Definitions:

Bioinformatics

A field of study that combines biology, computer science, and information technology to analyze and interpret biological data.

Genetic Profiling

The process of determining the unique genetic makeup of an individual, often used in forensic science, ancestry, and medicine.

Genetics

The branch of biology that studies genes, heredity, and variation in living organisms.

Ex Vivo

A term referring to biological experiments done outside of a living organism, often in a controlled laboratory environment.