Business, 14.02.2020 04:14 Mathmatician22
Identical products, as well as a large number of buyers and sellers, are characteristics of a
a) perfectly competitive
b) monopolistic market.
In such markets, sellers of goods
a) can
b) cannot influence the prevailing market price, giving them
the role of price
a) makers
b) takers in the market.
True or False: The market for public utilities, like gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets.
Answers: 1
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Identical products, as well as a large number of buyers and sellers, are characteristics of a
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