Multiple Choice
Which of the following lists the three main characteristics of a competitive market?
A) many buyers and sellers, similar products, easy entry into the market
B) many buyers and few sellers, similar products, easy entry into the market
C) many buyers and sellers, differentiated products, easy entry into the market
D) many buyers and sellers, similar products, barriers to entry into the market
E) many buyers and few sellers, unique products, barriers to entry into the market
Correct Answer:
Verified
Correct Answer:
Verified
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