Acompetitive market is one in which there a. are many sellers, and they compete with one another in such a way that some sellers are always being forced out of the market. b. are many sellers, and each seller has the ability to set the price of his product. c. are so many buyers and so many sellers that each has a negligible impact on the price of the product. d. is only one seller, but there are many buyers.

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.