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Economics
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Which of the following characteristics does not apply to perfectly competitive markets?
Ā 
a. Companies can enter and exit the market easily
b. Sellers in the market are price-takers
c. The number of buyers and sellers is small
d. Buyers and sellers have complete information about the identical products of all

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Joshua Stredder
Joshua StredderLv10
8 Oct 2020
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Related questions

In a perfectly competitive market, all producers sell _________ (perfectly identical/different) goods or services. Additionally, there are ______ (few / many) buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price _____ (takers/makers).

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True or False: The market for lettuce does not exhibit the two primary characteristics that define perfectly competitive markets.

Identical products, as well as a large number of buyers and sellers, are characteristics of a:

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