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Which of the following statements correctly describes a perfectly competitive market?
maportil
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Which of the following statements correctly describes a perfectly competitive market?
Which of the following statements correctly describes a perfectly competitive market?
▸ In a perfectly competitive market, individual sellers and buyers can influence the market price.
▸ Buyers in a perfectly competitive market pay different prices according to their individual demand.
▸ Haggling and bargaining is commonly observed in a perfectly competitive market.
▸ All participants in a perfectly competitive market are price-takers.
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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All participants in a perfectly competitive market are price-takers.
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maportil
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5 months ago
I appreciate what you did here, answered it right
Goku935
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Thanks
Fleury
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Thank you, thank you, thank you!
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