A Market Where No Single Buyer or Seller Can Influence

question 88

Multiple Choice

A market where no single buyer or seller can influence the price is

• A) an output market.
• B) a buyer's market.
• C) a competitive market.
• D) a seller's market.

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Definitions:

Creditor

An individual or institution that lends money or extends credit to another entity.

Settle

Completing a financial transaction by exchanging the payment of instruments between parties involved.

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.

Opposite

In the context of numbers, it refers to the additive inverse of a number, which when added to the original number, results in zero.