Multiple Choice
In the context of competitive markets, how is the influence of interest groups typically weakened?
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3. The Market Forces of Supply and Demand
Competitive Markets
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
In a competitive market, who are the two main participants involved in the exchange of goods and services?
A
Consumers and government
B
Investors and banks
C
Buyers and sellers
D
Producers and regulators
Verified step by step guidance1
Identify the key participants in a competitive market, which is a market structure where many buyers and sellers interact freely.
Understand that the primary function of a competitive market is the exchange of goods and services between two main groups.
Recognize that 'buyers' are the participants who demand goods and services, seeking to purchase them.
Recognize that 'sellers' are the participants who supply goods and services, offering them for sale.
Conclude that the two main participants involved in the exchange of goods and services in a competitive market are buyers and sellers.
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