Nate Tells Opal,"I Might Sell the Skis That I Bought

question 25

Multiple Choice

Nate tells Opal,"I might sell the skis that I bought last fall since I haven't used them and the skiing season is almost over." This is

• A)an acceptance of an offer.
• B)an invitation to accept an offer.
• C)an offer.
• D)a statement of future intent.

---

Definitions:

Total Revenue

The total income generated by the sale of goods or services by a company.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single participant has significant power to dictate the price of goods and services.

Market Price

The price at which a good or service is currently sold in the market.

Competitive Industry

An industry characterized by many sellers and buyers, where no single entity has the market power to influence prices significantly.