Choose the correct statements about competitive markets. 1. A competitive market must be a global market. 2. A competitive market is a market for services but not for goods. 7 A competitive market has many buyers. 3. 4; Competitive markets exist for goods, services, money, factors of production, and inputs. 7 . Statements 1 and 4 are correct. . Statements 3 and 4 are correct. ' D. Statements 1 and 2 are correct