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Which of the following is not a characteristic of a perfectly competitive market structure?
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Which of the following is not a characteristic of a perfectly competitive market structure?
Which of the following is not a characteristic of a perfectly competitive market structure?
A) There are a very large number of firms that are small compared to the market.
B) All firms sell identical products.
C) There are no restrictions to entry by new firms.
D) There are restrictions on exit of firms.
Textbook
Essentials of Economics
Edition:
4
th
Authors:
Hubbard, O'Brien
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