Documents Chapter 14 Equilibrium and Efficiency. What Makes a Market Competitive? Buyers and sellers have...

Chapter 14 Equilibrium and Efficiency What Makes a Market Competitive? Buyers and sellers have absolutely no effect on price Three characteristics: Absence of transaction…

Documents Chapter 14

Chapter 14 Equilibrium and Efficiency What Makes a Market Competitive? Buyers and sellers have absolutely no effect on price Three characteristics: Absence of transaction…