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Sublight2097 Sublight2097
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9 years ago
Pick the true statement, regarding the notion of competition as a process versus the model of perfect competition.
A) The process notion allows for full and complete information; perfect competition doesn't.
B) The process notion allows for price taking activity; perfect competition doesn't.
C) The process notion allows for identical products; perfect competition doesn't.
D) The process notion allows for a small number of participants; perfect competition doesn't.
E) All of the above are true.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
9 years ago
You're welcome Happy Dummy
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