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14 August, 12:57

What is perfect competition?

A. A market structure in which a large number of firms all produce the same product.

B. Two or more companies that are more or less equal competitively

C. A market structure in which a single firm produces all of a certain product

D. Any factor that makes a new firm enter a market

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Answers (1)
  1. 14 August, 15:45
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    I believe the answer is A. A market structure in which a large number of firms all produce the same product.
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