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. none of the above is correct.

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08-11-2022
Business

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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. none of the above is correct.

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rafikiedu05 rafikiedu05 · Answer 1 · 2022-11-13T03:56:09-05:00

In a competitive market, the actions of any single buyer or seller will have a negligible impact on the market price.

A market is a place wherein consumers and sellers can meet to facilitate the change or transaction of products and services. Markets may be bodily like a retail outlet, or virtual like an e-store. other examples include unlawful markets, auction markets, and monetary markets.

Market definition affords a framework for competition evaluation. for instance, market stocks can be calculated simplest after the marketplace has been described and, whilst thinking about the capacity for brand new access, it is vital to identify the marketplace that is probably entered.

Learn more about the market here: https://brainly.com/question/25717627

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