A competitive market is one in which there
a. are many sellers, and they compete with one another in such a way that some sellers are always being forced out of the market.
b. are many sellers, and each seller has the ability to set the price of his product.
c. are so many buyers and so many sellers that each has a negligible impact on the price of the product.
d. is only one seller, but there are many buyers.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A competitive market is one in which there a. are many sellers, and they compete with one another in such a way that some sellers are ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Washington Warehouse is a small retail business that specializes in the sale of top-of-the-line televisions. This year, the store has begun to carry the Flat TV manufactured by Bass Co.
Answers (1)
Which of the following is especially crucial in the approach stage of the selling process? (A) overcoming the customer's objections (B) listening to the customer (C) presenting the solution that the customer needs (D) telling the customer about the
Answers (1)
if you are married and want to deduct charitable contributions from your adjusted gross income which tax form should you use. Hurry
Answers (1)
3. A proposed expansion project is expected to increase sales of JL Ticker's Store by $35,000 and increase cash expenses by $21,000.
Answers (1)
WireCo manufactures different types of electrical wires used in the building industry, and it is a common practice in this industry to purchase extra copper coils to ensure there is not a shortage.
Answers (1)
New Questions in Business
Androscoggin Copper can grow at 5% per year for the indefinite future. It's selling at $100, and next year's dividend is $5.
Answers (1)
What are two types of businesses that would probably use a sole proprietorship as a form of business ownership?
Answers (1)
Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? Check all that apply.
Answers (2)
Companies can adapt their catalog revenue model online by replacing or supplementing their print catalogs with information on their Web sites. True False
Answers (1)
The United Kingdom produces computers and sells them to Japan. At the same time Japan produces cars and sells them to the United Kingdom. Suppose there is an appreciation in the pound. This will cause: A.
Answers (1)