Which of the Following Is True with Regard to Pure

Multiple Choice

Which of the following is true with regard to pure competition?

A) Under pure competition, no single buyer or seller has much effect on the going market price.
B) In a purely competitive market, marketing research is of utmost importance.
C) In a purely competitive market, product development is the focus of most firms.
D) Under pure competition, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price.
E) Under pure competition, the market consists of only a few large sellers.