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Which of the following statements correctly describes a competitive market?
adnan_buljic
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Which of the following statements correctly describes a competitive market?
Which of the following statements correctly describes a competitive market?
▸ Buyers and sellers negotiate prices before making exchanges.
▸ A single seller sometimes has the ability to dictate the market price.
▸ The market price is determined by the interaction of demand and supply.
▸ The market price for the same good varies from seller to seller.
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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The market price is determined by the interaction of demand and supply.
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adnan_buljic
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3 months ago
I appreciate what you did here, answered it right
oscar520000
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Correct
TY
mikeh209
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Thank you, thank you, thank you!
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