Soru
A competitive market is a market that has __ so __ can influence the price many buyers and sellers; both buyers and sellers one buyer and many sellers; no seller many buyers and sellers; no single buyer or seller many buyers and one seller; no buyer
Çözüm
4.6
(308 Oylar)
İlkay
Profesyonel · 6 yıl öğretmeni
Uzman doğrulaması
Cevap
'C' - many sellers single buyer or seller.
Daha Fazla
## Step 1A competitive market is a type of market structure where there are numerous buyers and sellers. This means that no single buyer or seller can influence the price of the product or service being traded. ## Step 2In a competitive market, each buyer or seller is a price taker, meaning they must accept the market price and cannot influence it. This is because there are so many buyers and sellers that no single buyer or seller can influence the market price.## Step 3The options provided in the question are evaluated based on the definition of a competitive market. The correct option is the one that aligns with the definition of a competitive market.