In a competitive market, what impact will the actions of any single buyer or seller have?

Question

Accepted Answer

They will have a negligible impact on the market price.

Answer

They will have little effect on overall production but will ultimately change final product price.

Answer

none of the above

Answer

They will affect the profitability of other firms and have an impact on the market price.

Answer

They will cause a noticeable change in overall production and a change in final product price.

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