For a Market to Be Competitive

question 36

Multiple Choice

For a market to be competitive

• A) each buyer and seller is small,relative to the whole market; no single decision maker has any influence over the market price.
• B) sellers must produce goods and services that are different from their competitors.
• C) sellers should have substantial pricing power.
• D) all you need are many buyers and many sellers.
• E) the price must be a fair price.

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