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goji.go goji.go
wrote...
Posts: 5977
10 years ago
________ occurs when there are many buyers and sellers of products that are virtually identical and any seller can easily enter and exit the market.
A) Monopolistic competition
B) A monopoly
C) An oligopoly
D) A duopoly
E) Perfect competition
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3 Replies
Diesel

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Replies
bbb
wrote...
10 years ago
E) Perfect competition occurs when there are many buyers and sellers of products that are virtually identical and any seller can easily enter and exit the market. When these conditions exist, no single supplier can influence the price.
goji.go Author
wrote...
10 years ago
Thanks Smiling Face with Open Mouth
Diesel
bbb
wrote...
10 years ago
Glad to help, mark it solved!
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