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Which of the following is NOT a characteristic of a competitive market

Question:

Which of the following is NOT a characteristic of a competitive market

A.

it has many buyers

B.

it has many sellers

C.

the products traded are identical

D.

firms set the price (price makers)

Answer» d. firms set the price (price makers)

Note: The above multiple-choice question is for all general and Competitive Exams in India