In competitive markets, 3 .Group of answer choices 1. market forces of demand and supply determine the prices. 2. individual firms are much stronger than market forces. 3. firms control the prices they charge. 4. market forces set the quantity in the market but not the prices. 5. firms set the prices for their products with little concern for the consumer.

In competitive markets, 3 .Group of answer choices 1. market forces of demand and supply determine the prices. 2. individual firms are much stronger than market forces. 3. firms control the prices they charge. 4. market forces set the quantity in the market but not the prices. 5. firms set the prices for their products with little concern for the consumer.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter6: Elasticities

Section: Chapter Questions

Problem 12P

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