The Competitive Equilibrium Model Gets Its Name from the

Multiple Choice

The competitive equilibrium model gets its name from the

A) fact that the number of participants eliminated from the market equals the number of new participants.
B) competition between buyers and sellers, each trying to drive the other out of business.
C) competition between buyers and sellers, which establishes a market price equating the amounts people wish to buy and sell.
D) steady-state nature of the model, in which prices can never change.
E) way that the government is trying to balance the market's supply and demand forces.