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Which of the following statements are correct? Select one or more: a. A market is in equilibrium if the actions of buyers and sellers have
Which of the following statements are correct?
Select one or more:
a. A market is in equilibrium if the actions of buyers and sellers have no tendency to change the price or the quantities bought and sold.
b. The market-clearing price is the price at which all supplies are sold out.
c. Buyers are price-takers if they have bargaining power.
d. In a competitive equilibrium, both buyers and sellers are
price-takers.
Please answer correct explain plz asap plz
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