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Other Fields Homework Help Economics Topic started by: tuggy on May 22, 2017



Title: Which of the following statements correctly describes a competitive market?
Post by: tuggy on May 22, 2017
Which of the following statements correctly describes a competitive market?
A) Buyers and sellers negotiate prices before making exchanges.
B) The market price for the same good varies from seller to seller.
C) Sometimes, a single seller has the ability to dictate the market price.
D) The market price is determined by the interaction of demand and supply.


Title: Re: Which of the following statements correctly describes a competitive market?
Post by: Sudzbury on May 22, 2017
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Title: Re: Which of the following statements correctly describes a competitive market?
Post by: tuggy on Jul 7, 2017
Thanks for answering correctly