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Which idea is inconsistent with the perfect competition?
Multiple Choice
a) product differentiation
b) freedom of entry or exit for firms
c) a large number of buyers and sellers
d) price-taking behavior
Which idea is inconsistent with the perfect competition?
Multiple Choice
a) product differentiation
b) freedom of entry or exit for firms
c) a large number of buyers and sellers
d) price-taking behavior
dlkoamedi7Lv4
14 Sep 2022
Elin HesselLv2
23 May 2020
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Related textbook solutions
Related questions
Which of the following is not characteristic of perfect competition?
| a. | many buyers and sellers |
| b. | brand name advertising |
| c. | standardized products |
| d. | fully informed buyers and sellers |
| e. | free entry and exit of firms |
