In a competitive market, the price of a product: ___________

a. is determined by sellers and the quantity of the product produced is determined by buyers.
b. and the quantity of the product produced are both determined by sellers.
c. is determined by buyers and the quantity of the product produced is determined by sellers.
d. None of the above is correct.

Question

02-02-2022
Business

contestada

In a competitive market, the price of a product: ___________

a. is determined by sellers and the quantity of the product produced is determined by buyers.
b. and the quantity of the product produced are both determined by sellers.
c. is determined by buyers and the quantity of the product produced is determined by sellers.
d. None of the above is correct.

Respuesta :

Otras preguntas

Which of the following measures will help avoid undue eyestrain? reading with adequate light watching television from as far away as possible taking breaks when

The absorption of glucose into the cell leads to the movement of water into the cell. Explain how

All of the following statements are true of dictatorship except

A short story that clearly illustrates a lesson and usually includes an animal as the main character is___________.

some microorganisms such as yeast produce energy in oxygen free environments through what process

All parts in Noh dramas were played by women

oceanside bike rental shop charges 14 dollars plus 9 dollars an hour for renting a bike. joan paid 86 dollars to rent a bike . how many hours did she pay to hav

Find the energy in joules required to lift a 55.0 megagram object a distance of 500cm

Dark spots on the photosphere are known as A. solar wind. B. the chromosphere. C. the corona. D. sunspots.

A magazine contains 7/12 articles the rest are adverts. If there are 204 pages in the magazine how many pages are adverts? Need answer ASAP!!!

mboluwape mboluwape · Answer 1 · 2022-02-10T10:45:17+01:00

Competition exists in the market and the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

What is a competitive market?

A competitive market is a market where many producers compete with each other with the aim to provide goods and services.

The sellers determines how much a product cost.

Therefore, the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

Learn more on competitive market here

https://brainly.com/question/24781573