Which of the following statements is true about a competitive market?

a. A competitive market must have a physical location.
b. has so many buyers and sellers that no one can influence the price.
c. includes markets for goods and services but not for inputs.
d. has a handful of sellers but always has many buyers.
e. has one seller competing to sell his or her product.

Question

28-06-2024
Business

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Which of the following statements is true about a competitive market?

a. A competitive market must have a physical location.
b. has so many buyers and sellers that no one can influence the price.
c. includes markets for goods and services but not for inputs.
d. has a handful of sellers but always has many buyers.
e. has one seller competing to sell his or her product.

Sagot :

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