Which of the following is true with regard to pure competition?
A) Under pure competition, no single buyer or seller has much effect on the going market price.
B) In a purely competitive market, marketing research is of utmost importance.
C) In a purely competitive market, product development is the focus of most firms.
D) Under pure competition, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price.
E) Under pure competition, the market consists of only a few large sellers.
A
You might also like to view...
A key factor that distinguishes transnational companies from international companies is their ________ for the marketing program
A) use of localized elements B) use of extension elements C) needs assessment D) domestic research E) mind-set
Consider the TVM equation: A decrease in the interest rate will decrease the future value, other things remaining equal
Indicate whether the statement is true or false.