Homework answers / question archive / An essential characteristic of a perfectly competitive market is that buyers and sellers: A

An essential characteristic of a perfectly competitive market is that buyers and sellers: A

Economics

Share With

An essential characteristic of a perfectly competitive market is that buyers and sellers: A. have so much competition that they have no ability at all to set their own price. B. have no competition and so must set the market price on their own. C. have so much competition that that they must work together perfectly to set a market price. D. None of these answers are correct.