What must a market have to be considered a competitive market?

What must a market have to be considered a competitive market?

  • Answer:

    A market must have a number of viable entrants in order for it to be considered a competitive market.

Anonymous at ChaCha Visit the source

Was this solution helpful to you?

Other answers

A competitive market is a market with a large number of buyers and sellers, such that no single buyer or seller is able to influence the price or control any other aspect of the market. None of the participants have significant market control.

Ab Cd

A market must have a number of viable entrants in order for it to be considered a competitive market.

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.