Which of the Following Statements Is True About a Competitive

question 10

Multiple Choice

Which of the following statements is true about a competitive market? A competitive market

• A)includes markets for goods and services but not for inputs.
• B)has so many buyers and sellers that no one can influence the price.
• C)must have a physical location.
• D)has one seller competing to sell his or her product.
• E)has a handful of sellers but always has many buyers.

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