QUESTION IMAGE
Question
multiple select question select all that apply which of the following are features of a purely competitive market? (more than one answer may be correct.) major restrictions on where products can be sold sales in both national and international markets one seller dominating the market many independently acting sellers
In a purely competitive market, there are no major restrictions on selling locations as firms are price - takers and operate freely. There are many independently acting sellers, not one dominant seller. Sales can occur in various markets including national and international ones.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
B. Sales in both national and international markets
D. Many independently acting sellers