Describe a competitive market in which you buy or sell a good or service. The market where you buy is a competitive market because A. electricity; one producer can supply enough electricity for your entire city B. batteries; batteries are easy to find C. cellphone service; the market is dominated by a few firms but you have the choice of many plans D. fruits and vegetables ; there are many buyers and sellers and no single buyer or seller can influence the price

Question

Describe a competitive market in which you buy or sell a good or service. The market where you buy is a competitive market because A. electricity; one producer can supply enough electricity for your entire city B. batteries; batteries are easy to find C. cellphone service; the market is dominated by a few firms but you have the choice of many plans D. fruits and vegetables ; there are many buyers and sellers and no single buyer or seller can influence the price

Answer 1

C. Cellphone service; the market is dominated by a few firms but you have the choice of many plans. This is a competitive market because there are multiple providers offering a variety of plans, allowing consumers to choose the best option for their needs.

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