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In a competitive market, the actions of any single buyer or seller will:

a.   have a negligible impact on the market price.

b.   have little effect on overall production but will ultimately change the final product price.

c.   cause a noticeable change in overall production and a change in the final product price.

d.   adversely affect the profitability of more than one firm in the market

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Raushan Raj
Raushan RajLv8
1 Oct 2020

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