What effect does competition have on market? price

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Assignment:

What effect does competition have on market? price?

A. The prices of goods sold in competitive markets will tend to remain constant or change only slowly.

B. Firms in will charge prices for the same product to win customers from competitors.

C. The actions of a single firm in a competitive market will not affect the market price.

D. Firms in will charge the same prices for the same product due to brand loyalties.

E. Firms in a noncompetitive market will not have a significant impact on the market price.

Reference no: EM133611673

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