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18 Aug 2020
Which of the following statements is true about a competitive market?
a) A competitive market must have a physical location.
b) It has so many buyers and sellers that no one can influence the price.
c) It includes markets for goods and services but not for inputs.
d) It has a handful of sellers but always has many buyers.
e) It has one seller competing to sell his or her product.
Which of the following statements is true about a competitive market?
a) A competitive market must have a physical location.
b) It has so many buyers and sellers that no one can influence the price.
c) It includes markets for goods and services but not for inputs.
d) It has a handful of sellers but always has many buyers.
e) It has one seller competing to sell his or her product.
Sonal BahlLv10
30 Sep 2020