Match each item with the correct statement below.
-A market structure characterized by homogeneous products in which there are so many buyers and sellers that none has a significant influence on price is known as _____.
A)breakeven analysis
B)tariffs
C)unfair-trade laws
D)incremental-cost pricing
E)profit maximization
F)demand
G)value pricing
H)monopoly
I)elasticity
J)marginal
K)fair-trade laws
L)yield management
M)oligopoly
N)cost-plus pricing
O)full-cost pricing
P)supply
Q)marginal analysis
R)target-return objectives
S)market-share objectives
T)pure competition

Question

Quizplus · Accepted Answer

Pure competition is a market structure where there is a large number of buyers and sellers, each selling identical products, and none have control over the market price.

Match Each Item with the Correct Statement Below