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For a Market to Be Competitive

Question 5

Multiple Choice

For a market to be competitive


A) each buyer and seller is small,relative to the whole market; no single decision maker has any influence over the market price.
B) sellers must produce goods and services that are different from their competitors.
C) sellers should have substantial pricing power.
D) all you need are many buyers and many sellers.
E) the price must be a fair price.

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