Economic Which of the following is not characteristic of a perfectly competitive market?O prices regulated by the governmentSo many buyers no one can control priceKL a large number of sellersKDidentical goods produced and bought

A ‘Perfectly Competetive(PC)’ market is a benchmark market condition that is expected to derive the…

Which of the following is not characteristic of a perfectly competitive market? O prices regulated by the government O so many buyers no one can control price O a large number of sellers O identical goods produced and bought

Which of the following is not characteristic of a perfectly competitive market? O prices regulated by the government O so many buyers no one can control price O a large number of sellers O identical goods produced and bought

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter24: Perfect Competition

Section: Chapter Questions

Problem 7E

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Economic

Which of the following is not characteristic of a perfectly competitive market?
O prices regulated by the government
So many buyers no one can control price
KL a large number of sellers
KDidentical goods produced and bought

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