Question
Which of the following statements is true about a competitive market? A competitive market must have a physical location. has so many buyers and sellers
Which of the following statements is true about a competitive market?
A competitive market must have a physical location.
has so many buyers and sellers that no one can influence the price.
includes markets for goods and services but not for inputs.
has a handful of sellers but always has many buyers.
has one seller competing to sell his or her product.
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
