Rejectability describes consumers' ability to decide against purchasing a product and is most closely associated with...

Rejectability describes consumers' ability to decide against purchasing a product and is most closely associated with which type of market?

a monopoly

an imperfectly competitive market

a perfectly competitive market*

Expert Solution

Option C.

Rejectability is a benefit that the consumer's usually have in a perfectly competitive market to make their own buying decisions and to defer from purchasing a certain product.
In a perfectly competitive market there are many buyers and sellers and it has no Barriers to entry or exit.
In this Market each buyer has perfect information about the products being sold to them and thus they enjoy their ability to either reject or accept those products.

Rahul Sunny answered 2 years ago

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