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
Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Clark Inventory (beginning) $ 16,000 $ 42,000 Inventory (ending) 10,000 52,000 Purchases 146,600 165,400 Purchase returns 7,000 52,000 Required: 1.
Answers (2)
Active monetary policy a. is when central banks purposefully choose to only stabilize money and price levels through monetary policy. b. has a real effect on the economy in the long run. c.
Answers (1)
Name three reasons why a person might voluntarily leave a stable job
Answers (1)
A common approach that economists use to understand, explain and predict economic phenomena is to
Answers (1)
What three functions does money serve in the economy?
Answers (1)
New Questions in Business
A nut store normally sells cashews for $4.00 per pound and peanuts for $1.50 per pound. But at the end of the month the peanuts had not sold well, so, in order to sell 40 pounds of peanuts, the manager decided to mix the 40 pounds of peanuts with
Answers (1)
The Bolen Company forecasts that total overhead for the current year will be $8,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $10,000,000 and the actual machine hours are 80,000 hours.
Answers (1)
Four trends in the past decade have significantly influenced the landscape of global marketing. one of them is
Answers (1)
Badger Corporation declared a stock distribution to all shareholders of record on March 25 of this year. Shareholders will receive one share of Badger stock for each 10 shares of stock they already own.
Answers (1)
Marketing ethics is most important for advertising agencies. maximizes an organization's positive impact on society. refers to principles and standards that define acceptable conduct in marketing. are laws and regulations that govern marketing.
Answers (2)