Clothing Retailers Have Faced Greater Competition in Recent Years as More

Clothing retailers have faced greater competition in recent years as more firms have entered the clothing market. Some has come from foreign competitors, but much of it is domestic competition. As a result there is much competition and

A) individual buyers and sellers cannot affect the market price; it is determined by the market forces of demand and supply.
B) most individuals cannot afford clothing.
C) firms have a great degree of flexibility in pricing their products; these products can be sold at a high profit level.
D) there are relatively few buyers and sellers in the market, and one individual firm can determine the market price.