Answered

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If the market participants are price takers, then the market is considered
a. non-competitive, and sellers may find it difficult to sell all they want to sell at the market price.
b. competitive, and buyers may find it difficult to buy all they want to buy at the market price.
c. competitive and neither the buyer nor seller will have any influence over the price of the good.
d. non-competitive, and the buyer and seller may have some influence over the price of the good.

Sagot :

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