I need the answer as soon as possible 61. Which of the following is not anessential condition of purecompetition?A. O Large number of buyers and sellersB. O Homogeneous productC. O Freedom of entryD. O Absence of transport cost

Perfectly competitive market refers to the market structure where the large number of buyers and…

Answered: Which of the following is not an…

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Which of the following is not an essential condition of pure competition?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition

Section: Chapter Questions

Problem 2E

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