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A Perfect Market Results When All Buyers and Sellers Are

Question 1

Multiple Choice

A perfect market results when all buyers and sellers are ________, and the market price is determined where there is ________.


A) price-takers; equality of supply and demand.
B) price-makers; equality of supply and demand.
C) price-takers; inequality of supply and demand.
D) price-makers; inequality of supply and demand.

Correct Answer:

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