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At the competitive market Options 1. All market power belongs to the consumers, and the market price is the lowest out of all other market
At the competitive market
Options
1. All market power belongs to the consumers, and the market price is the lowest out of all other market types.
2. Market power is split between the firms and the consumers, and the market price is the lowest out of all other market types.
3. Market power is split between the firms and the consumers, and the market price is NOT the lowest out of all other market types.
4. All market power belongs to the consumers, and the market price is NOT the lowest out of all other market types.
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