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Loraine Loraine
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Which market structure is characterized by the following characteristics?
i.   A large number of firms compete.
ii.   Each firm produces a differentiated product.
iii.   Firms are free to enter and exit.
A) perfect competition
B) duopoly
C) oligopoly
D) monopolistic competition
E) monopoly
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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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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VincenzoDVincenzoD
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