People selling stock operate in very competitive market and have little to no control over their prices. Such sellers are price- ________.
A)setters
B)takers
C)makers
D)strategizers

Question

Quizplus · Accepted Answer

Sellers in a competitive market have little to no control over the prices of their goods or services. They must accept the market price, or become price takers, adjusting their quantity of output to match the market demand at the prevailing price. Price setters, on the other hand, have some degree of control over their prices and can influence market conditions to some extent. Makers and strategizers are not relevant terms in this context.

People Selling Stock Operate in Very Competitive Market and Have