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Many Used Car Owners and Used Car Dealers Describe Their

Question 1

Multiple Choice

Many used car owners and used car dealers describe their different cars for sale in the local newspapers and list their asking price.Many people shopping for a used car consider the different choices listed in the paper.The market for used cars could be described as


A) relatively competitive.
B) perfectly competitive.
C) non-competitive.
D) having high transaction costs.

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