Which of the following are characteristics of the perfectly competitive market model? buyers and sellers are vastly numerous there are barriers to entry goods are differentiated by brand names all firms use identical technologies
Which of the following are characteristics of the perfectly competitive market model? buyers and sellers are vastly numerous there are barriers to entry goods are differentiated by brand names all firms use identical technologies
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter22: Perfect Competition
Section: Chapter Questions
Problem 2QP
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Which of the following are characteristics of the
buyers and sellers are vastly numerous
there are barriers to entry
goods are differentiated by brand names
all firms use identical technologies
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