(This question refers to the MRU video 'Introduction to the Competitive Firm'.) Which of the following is NOT one of the characteristics of a

(This question refers to the MRU video 'Introduction to the Competitive Firm'.) Which of the following is NOT one of the characteristics of a competitive industry?

Select one:

a. The sellers closely monitor each other's actions

b. The product is similar across sellers.

c. There are many buyers in the market.

d. There are many sellers or potential sellers.