Markets in which the identity of the traders and their size in the market do not affect the price at which they trade are called
A) monopolistically competitive markets
B) personalized markets
C) impersonal markets

Question

Quizplus · Accepted Answer

Impersonal markets are characterized by the fact that the identity or size of the traders does not affect the price at which they trade. It means that traders in these markets face the same prices, regardless of who they are or how much they want to buy or sell. This is different from personalized markets where buyers and sellers negotiate prices based on their individual preferences or characteristics, or monopolistically competitive markets, where firms differentiate their products and compete based on non-price factors.

Markets in Which the Identity of the Traders and Their