Under perfect competition there must be
A) perfect mobility of resources and perfect knowledge.
B) neither perfect mobility nor perfect knowledge.
C) perfect mobility but not perfect knowledge.
D) perfect knowledge but not perfect mobility.
Correct Answer:
Verified
Q71: A perfect competitor would
A)never charge above market
Q72: Which statement is true?
A)The perfect competitor has
Q73: Perfect competitors operate at peak efficiency in
A)both
Q74: The profit-maximizing perfect competitor will produce at
Q75: The perfect competitor has a perfectly elastic
Q77: Which statement is true?
A)A firm will operate
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