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Which of the following describes a characteristic of a perfectly competitive market?
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Which of the following describes a characteristic of a perfectly competitive market?
Which of the following describes a characteristic of a perfectly competitive market?
A) There are many buyers but few sellers.
B) There are many sellers but few buyers.
C) There are many buyers and sellers.
D) Equilibrium is achieved when demand for the product sold in the market equals the supply.
Textbook
Essentials of Economics
Edition:
4
th
Authors:
Hubbard, O'Brien
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