Which of the Following Is True of a Competitive Market

question 90

Multiple Choice

Which of the following is true of a competitive market?

• A)The rules of supply and demand do not apply to it.
• B)Sellers have little market power.
• C)The largest firm is the price maker.
• D)Few sellers offer similar products.
• E)Government plays an important role in a competitive market.

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Definitions:

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