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In Perfect Competition, the

Question 18

Multiple Choice

In perfect competition, the


A) market demand for the good or service is large relative to the minimum efficient scale of a single producer.
B) market demand for the good or service is small relative to the minimum efficient scale of a single producer.
C) market demand for the good or service can be small relative to the minimum efficient scale of a single producer as long as the goods or services are not identical.
D) size of the market demand for the good or service relative to the minimum efficient scale of a single producer does not affect competition.

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