If an individual store cannot charge more than the going price without the risk of losing business to other stores,it is in a _____________type of market?
A) pure competition
B) monopolistic competition
C) oligopolistic competition
D) pure monopoly
E) socialist

Question

Quizplus · Accepted Answer

In a pure competition market, many sellers offer identical products, and no single seller can influence the market price, so they must accept the going price.

If an Individual Store Cannot Charge More Than the Going