Question

Most markets in the economy are A. markets in which buyers, rather than sellers, control the price of the product. B. perfectly competitive. C. markets in which sellers, rather than buyers, control the price of the product. D. highly competitive.

Answer 1

D. highly competitive.

Step-by-step explanation:

Highly competitive markets are this e where a large number of sellers compete to satisfy the needs of a large number of buyers.

There are wide variety of products for consumers to choose from , so sellers have to come up with a competitive advantage that will give them edge over competitors.

Price changes drive demand and supply trends.