Ariellelyn176
13.01.2021 •
Business
In a competitive market, the quantity of a product produced and the price of the product are determined by:
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Ответ:
All buyers and sellers
Explanation:
A competitive market is a market where there are lots of producers who produces goods and service hence compete with one another with a view to providing and supplying goods and services that suits the needs of consumers.
In a competitive market, there are no barriers to entry and exit. Also, there are many buyers and sellers, hence there is adequate information about the price of a product. There are also no cost attached to transactions, undifferentiated products and both buyers and sellers determines the quantity of a product produced and the price of the product.
Ответ:
The Company is practicing Social CRM