Lucialari6207 Lucialari6207

25-09-2017
Business

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What is a competitive market?
a. a market in which a good is bought for a lower price than that for which it can be sold
b. a market in which a good can be bought and sold at the same price
c. a market in which goods have a different ask price and bid price
d. a market in which a good is sold at a lower price than that for which it can be bought?

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Wacimbenyaya Wacimbenyaya

25-09-2017

I would say a.
Because if it's the case, profit can be made in this market and everyone is gonna try to make profit on this market

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