Marketers have no flexibility in setting prices under conditions of
A) a monopoly.
B) an oligopoly.
C) perfect competition.
D) monopolistic competition.
E) no competition.

Question

Quizplus · Accepted Answer

In a perfect competition market structure, there are many sellers and buyers, and no single seller can influence the market price. Prices are determined by the forces of supply and demand, leaving individual marketers with no flexibility in setting their prices.

Marketers Have No Flexibility in Setting Prices Under Conditions of