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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

What is a market? • What are the characteristics of a perfectly competitive market?

To determine
Market and perfect competitive market.

Explanation

A market is a group of buyers and sellers of a particular good or service, wherein the buyers determine the demand and sellers determines the supply of a particular good or service...

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