A competitive price-searcher market is characterized by firms
A) being able to choose their price and by low barriers preventing firms from entering or leaving the market.
B) being able to choose their price and by high barriers preventing firms from entering or leaving the market.
C) having to accept the market price for their product and by high barriers preventing firms from entering or leaving the market.
D) having to accept the market price for their product and by low barriers preventing firms from entering or leaving the market.
Correct Answer:
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