Which of the following statements is true about a competitive market? A competitive market must have a

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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.

Related Book For answer-question

Fundamentals of Advanced Accounting

ISBN: 978-0077862237

6th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Posted Date: Dec 13, 2022 11:20 AM

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Which of the following statements is true about a competitive market? A competitive market must have a

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A competitive market has so many buyers and sellers ... View the full answer

Fundamentals of Advanced Accounting

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