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Which of the following are the characteristics of a competitive market? Multiple select question. A surplus of narrow range of products A large number of buyers but a small number of sellers A large number of buyers and sellers Standardized products

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samuelonum1

A surplus of a narrow range of products, a large number of buyers and sellers Standardized products, options A and C are correct

Characteristics of a competitive market?

The definition of a competitive market is one that is composed of products that are good alternatives to each other.

In a competitive market, firms try to capture a large amount of the market share to keep up with business.

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kbrumfield2003

Answer:

A surplus of narrow range products, Standardized products, and A large number of buyers and sellers.

Explanation:

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