Question: Back to Assignment Attempts 1 1.7 Keep the Highest 1.7 / 2 1. Markets and competition Identical products, as well as a large number of

Back to Assignment Attempts 1 1.7 Keep the Highest 1.7 / 2 1. Markets and competition Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers of goods influence the prevailing market price, giving them the role of price in the market. True or False: The market for internet exhibits the two primary characteristics that define perfectly competitive markets. O True False

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.