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Pure competition means ..... (A) is a market with many buyers and sellers trading uniform commodities where no single buyer or seller has much effect on market price. (B) is a market with many buyer and sellers who trade over a rang of prices rather than a single market price with differentiated offers. (C) is a market with few sellers because it is difficult for sellers to enter who are highly sensitive to each other's pricing and marketing strategies. (D) All the above. |
| Answer» OPTION D is CORRECT ANSWER | |