Which of the following is NOT a characteristic of a perfectly competitive market? O Goods offered for sale are individual unique O Firms are price takers since there are many sellers in the market O Firms are free to enter and free to leave the market O Goods offered for sale are essentially identical

Which of the following is NOT a characteristic of a perfectly competitive market? O Goods offered for sale are individual unique O Firms are price takers since there are many sellers in the market O Firms are free to enter and free to leave the market O Goods offered for sale are essentially identical

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter12: Firms In Perfectly Competitive Markets

Section: Chapter Questions

Problem 10P

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