Use the Following Statements to Answer This Question: I

Multiple Choice

Use the following statements to answer this question: I. The price for a given product may differ across sellers if the market is not perfectly competitive.
II) A single "market price" does not exist in imperfectly competitive markets.

A) I and II are true.
B) I is true and II is false.
C) II is true and I is false.
D) I and II are false.