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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
A requirement of perfect competition is that
i.   many firms sell an identical product to many buyers.
ii.   there are no restrictions on entry into (or exit from) the market, and established firms have no advantage over new firms.
iii.   sellers and buyers are well informed about prices.
A) i only
B) i and ii
C) iii only
D) i and iii
E) i, ii, and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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9 years ago
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#2
9 years ago
You're welcome Happy Dummy
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