Question: For the market to be efficient ___________. Select all that apply. Question 7 options: one firm will set a higher price that maximizes its own

For the market to be efficient ___________. Select all that apply. Question 7 options: one firm will set a higher price that maximizes its own profit, all firms and consumers must take prices as given individual firms and consumers must be unable to manipulate the market price in their favor a single firm must have the power to set its own prices the market must be competitive

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