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Flaco69 Flaco69
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A year ago

Which of the following is not an assumption of the theory of perfect competition?



There are many sellers and many buyers, none of which is large in relation to total sales or purchases.



Each firm produces and sells a differentiated product.



Buyers and sellers have all relevant information with respect to prices, product quality, and sources of supply.



There is easy entry and exit.

Textbook 
Economics

Economics


Edition: 12th
Author:
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kniemeier2kniemeier2
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A year ago
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Flaco69 Author
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A year ago
You make an excellent tutor!
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Yesterday
Brilliant
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2 hours ago
Good timing, thanks!
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