Introduction to Economics 1 Deneme Sınavı Sorusu #1149448

Which of the following defines the type of a market where there are many buyers and sellers so that the effect of each one on market price is negligible?


Oligopoly

Perfect Competition

Monopoly

Monopsony

Monopolistic competition


Yanıt Açıklaması:

A competitive market is a type of market in which there are many buyers and sellers so that the effect of each one on market price is negligible. The answer is B.

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