Which of the assumptions about perfectly competitive markets is false? O any single firm can influence the market price O firms in the industry produce a nearly identical product O there are many sellers O barriers to entry or exit are nonexistent

Which of the assumptions about perfectly competitive markets is false? O any single firm can influence the market price O firms in the industry produce a nearly identical product O there are many sellers O barriers to entry or exit are nonexistent

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 33CTQ: Since a perfectly competitive firm can sell as much as it wishes at the market price, why can the...

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Which of the assumptions about perfectly competitive markets is false?
O any single firm can influence the market price
O firms in the industry produce a nearly identical product
O there are many sellers
O barriers to entry or exit are nonexistent

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