Which of the following statements is true about a competitive market? A competitive market
A) includes markets for goods and services but not for inputs.
B) has so many buyers and sellers that no one can influence the price.
C) must have a physical location.
D) has one seller competing to sell his or her product.
E) has a handful of sellers but always has many buyers.
Correct Answer:
Verified
Q83: Q84: If the automobile workers' union successfully negotiates Q85: Which of the following increases the supply Q86: An increase in the number of pineapple Q87: If the number of sellers decreases, then Q89: To be part of the supply for
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