A Competitive Market Is One in Which There

question 46

Multiple Choice

A competitive market is one in which there

• A)is only one seller,but there are many buyers.
• B)are many sellers,and each seller has the ability to set the price of his product.
• C)are many sellers,and they compete with one another in such a way that some sellers are always being forced out of the market.
• D)are so many buyers and so many sellers that each has a negligible impact on the price of the product.

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