Which of the following market characteristics would limit competition?
Competition would be limited if
firms cannot raise the price of their product above that of competitors without losing all sales.
consumers have no impact on market price.
customers are not free to take their business to whomever they choose.
new firms entering an industry have to
invest in research or product development
buyers do not care from which firm they purchase the output.
E.buyers do not care from... View the full answer