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In competitive markets, which of the following is not correct? Group of answer choices No individual buyer can influence the market price. Some sellers can set prices. Firms produce identical products. Buyers are price takers.

Respuesta :

Answer:

Some sellers can set prices

Explanation:

Characteristics of competitive firms:

1. All sellers are price takers. No seller can influence market price.

2. All buyers are price takers

3. Forces of demand and supply determine market price.

4. All products are homogenous

5. There are no barriers to entry or exist of firms

6. There is perfect information

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