Question

HELP!!! WILL GIVE MEDAL!!!
Why does a perfectly competitive market require many buyers and sellers?

A. because products must be uniform

B. so no individual can control the price

C. so buyers and sellers are both informed

D. to maintain quality over the goods

I think the answer is B

Answer 1

@rose21 @angel12310
I have multiple questions I need help with so do you all mind helping me with all that you can?

Answer 2

yes it is B

Answer 3

Suppose the market for the magazine is in equilibrium. Some students insist on raising the cover price by $1 and printing the same quantity. What is likely to happen?

A. The demand for the magazine will go up.

B. There will be a shortage of 150 magazines.

C. There will be a surplus of 100 magazines.

D. The surplus will be greater than their sales.

I think the answer is D. I'm not too sure about it though.

Answer 4

C and @Laiken98 u r supposed to put one question per post:)

Answer 5

How did you get C? @rose21 it seems more simple just to keep posting on this one wuestion, if you dont mind.

Answer 6

Oh, alright. I will just post one at a time then.