In a competitive market, the actions of any singloe buyer orselller will a. have

Question

In a competitive market, the actions of any singloe buyer orselller will a. have a negligible impact on the market price. b. have little effect on overall production but willultimately change final product price c. cause a noticeable change in overall production and achange in final product price. d. adversely affect the profitability of more than one firm inthe market. In a competitive market, the actions of any singloe buyer orselller will a. have a negligible impact on the market price. b. have little effect on overall production but willultimately change final product price c. cause a noticeable change in overall production and achange in final product price. d. adversely affect the profitability of more than one firm inthe market.

Explanation / Answer

A. a negligable impact on the market price. Negligable meansunimportant or litte.Comp. Markets have many buyers and sellers. Soone would have little or no impact.

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