Multiple Choice
Which of the following statements is true about a competitive market? A competitive market
A) must have a physical location.
B) includes markets for goods and services but not for inputs.
C) has so many buyers and sellers that no one can influence the price.
D) has one seller competing to sell his or her product.
E) has a handful of sellers but always has many buyers.
Correct Answer:
Verified
Correct Answer:
Verified
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