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Other Fields Homework Help Economics Topic started by: jacksonfive09 on Mar 3, 2019



Title: When there are large numbers of buyers and sellers, then
Post by: jacksonfive09 on Mar 3, 2019
When there are large numbers of buyers and sellers, then

• firms will move labor and capital in pursuit of profit-making opportunities to whatever business venture gives them the highest return on their investment.

• the products sold must look identical.

• consumers are able to find out about lower prices charged by other firms.

• no one buyer or seller has any influence on price.


Title: When there are large numbers of buyers and sellers, then
Post by: Cass Stein on Mar 3, 2019
no one buyer or seller has any influence on price.