An Essential Characteristic of a Perfectly Competitive Market Is

question 23

Multiple Choice

An essential characteristic of a perfectly competitive market is:

• A) buyers and sellers have no control over the market price.
• B) sellers are selling unique products.
• C) buyers have complete control over the market price and sellers have none.
• D) sellers have complete control over the market price and buyers have none.

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Definitions:

S Corporations

A type of corporation in the United States that allows profits, and some losses, to be passed directly to owners' personal income without being subject to corporate tax rates.