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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: Each firm in a perfectly competitive industry
Post by: Loraine on Jun 21, 2015
Each firm in a perfectly competitive industry
A) produces a good that is slightly different from that of the other firms.
B) produces a good that is identical to that of the other firms.
C) attains economies of scale so that its efficient size is large compared to the market as a whole.
D) has control over at least one unique resource to separate themselves from their competitors.
E) has an important influence on the market price of the good or service being produced.


Title: Re: Each firm in a perfectly competitive industry
Post by: Smoooth on Jul 29, 2015
Content hidden


Title: Re: Each firm in a perfectly competitive industry
Post by: Smoooth on Aug 31, 2015
Don't mention it :-]