what makes the market for lettuce a competitive market?\nthe market for lettuce is a competitive market…

what makes the market for lettuce a competitive market?\nthe market for lettuce is a competitive market ________.\na. only if the market where lettuce is sold consists of people spread around the world who never meet\nb. only if the market where lettuce is sold is a physical place\nc. if many people buy and many firms sell lettuce, so no single buyer or seller can influence the price\nd. if many people buy lettuce, but only a few firms sell lettuce

what makes the market for lettuce a competitive market?\nthe market for lettuce is a competitive market ________.\na. only if the market where lettuce is sold consists of people spread around the world who never meet\nb. only if the market where lettuce is sold is a physical place\nc. if many people buy and many firms sell lettuce, so no single buyer or seller can influence the price\nd. if many people buy lettuce, but only a few firms sell lettuce

Answer

Brief Explanations:

In a competitive market, there are numerous buyers and sellers, and no single entity can influence the market - price. For the lettuce market, when many people buy and many firms sell lettuce, it meets the criteria of a competitive market. Options A and B mis - define the nature of a competitive market in terms of the location and interaction of participants. Option D describes a situation closer to an oligopoly on the supply - side rather than a competitive market.

Answer:

C. if many people buy and many firms sell lettuce, so no single buyer or seller can influence the price