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In an equilibrium of a perfectly competitive market, A) Sellers always want to charge slightly less than their competitors to attract buyers.

 In an equilibrium of a perfectly competitive market, 


A) Sellers always want to charge slightly less than their competitors to attract buyers.



B) The available supply of a good is allocated to those buyers who come to market the earliest.

C) Some buyers who get the good were willing to pay more than the market price.


D) All of the above are false. 

 Those who were higher up on the demand curve get the good for less than they were willing to pay


why this question is C? not D? I need professional explanation to help me challenge.

Top Answer

Correct option is C) Some buyers who... View the full answer

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