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13 Jan 2018
20) Which one of the following does not occur in perfect competition? A) No single firm can exert a significant influence on the market price of the good. B) There are many buyers. Sellers and buyers are well informed about prices. D) Established firms have no advantage over new ones. E) There are significant restrictions on entry into the market.
20) Which one of the following does not occur in perfect competition? A) No single firm can exert a significant influence on the market price of the good. B) There are many buyers. Sellers and buyers are well informed about prices. D) Established firms have no advantage over new ones. E) There are significant restrictions on entry into the market.
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