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maportil maportil
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3 months ago
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

Macroeconomics


Edition: 3rd
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adandaroozaadandarooza
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All participants in a perfectly competitive market are price-takers.
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maportil Author
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Helped a lot
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This site is awesome
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Smart ... Thanks!
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