What effect does competition have on market price? O A. Firms in markets that ar

Question

What effect does competition have on market price? O A. Firms in markets that are not perfectly competitive will charge the same prices for the same product to win customers from competitors O B. The actions of a single firm in a competitive market will not affect the market price O C. Firms in a noncompetitive market will not have a significant impact on the market price. O D. The prices of goods sold in competitive markets will tend to remain constant or change only slowly O E. Firms in markets that are not perfectly competitive will charge the same prices for the same product due to brand loyalties.

Explanation / Answer

B. The action of single firm in a competitive market will not affect market prices. Please like answer if you want me to help you

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