What Is a Competitive Market

Multiple Choice

What is a competitive market?

A) a market in which goods can be bought at the ask price and sold at bid price
B) a market in which a good can be bought and sold at the same price
C) a market in which a good is sold at a lower price than that for which it can be bought
D) a market in which a good is bought for a lower price than that for which it can be sold
E) a market in which buyers do not have to shop around for the cheapest price