In a competitive industry each buyer and seller ? – McqOptions

MCQOPTIONS

1.	In a competitive industry each buyer and seller ?
A.	is a price taker
B.	Producer different products
C.	Believes that can influence price
D.	Prevents the entry of competitors
Answer» B. Producer different products

Discussion

No Comment Found

Related MCQs

Which of the following market would most closely satisfy the requirements for a competitive market ?
Which of the following is not one of the four Ps in marketing ?
Which of the following is not a characteristic of a competitive market ?
When average cost is falling marginal cost is ________ and when average cost is rising marginal cost is?
The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?
The long-run market supply curve ?
The firms long run output decision will be where ?
The competitive firm maximize profit when it produces output up to the point where ?
In the short run, the competitive firm’s supply curve is the portion of the marginal cost curve that lies above the average variable cost curve?
In the short run a firm will produce zero output if ?