In a competitive market, the actions of any single buyer or seller will have a negligible impact on the market price.

Name: In a competitive market, the actions of any single buyer or seller will have a negligible impact on the market price.
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Question

Quizplus · Accepted Answer

In a competitive market, there are many buyers and sellers, so the impact of any single buyer or seller on the market price is small. The market price is determined by the collective actions of all market participants.

In a Competitive Market, the Actions of Any Single Buyer