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An essential characteristic of a perfectly competitive market is that buyers and sellers have: Select one: a. no competition and so must set the market price on their own. b. so…

An essential characteristic of a perfectly competitive market is that buyers and sellers have: Select one: a. no competition and so must set the market price on their own. b. so…
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An essential characteristic of a perfectly competitive market is that buyers and sellers have: Select one: a. no competition and so must set the market price on their own. b. so much competition that

User Raphael Estrada
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Answer: b. so much competition that no individual buyer or seller can influence the market price.

Step-by-step explanation:

User Jon Snyder
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