In a competitive market, the actions of any single buyer or seller will
A)discourage entry by competitors.
B)influence the profits of other firms in the market.
C)have a negligible impact on the market price.
D)Both a and b are correct.

Question

Quizplus · Accepted Answer

In a competitive market, there are many buyers and sellers, so the actions of any single buyer or seller have a negligible impact on the market price.

In a Competitive Market, the Actions of Any Single Buyer