The Presence of Many Buyers and Sellers Is an Important

Multiple Choice

The presence of many buyers and sellers is an important characteristic of competitive markets because it allows

A) sellers in the market to have influence over the market price.
B) buyers in the market to have influence over the market price.
C) sellers in the market to have influence over the market quantity.
D) buyers in the market to have influence over the market quantity.
E) the price and quantity in the market to be determined by market forces.