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In A/an _____ Market Structure, There Exist Identical Products with Minimal

Question 64

Multiple Choice

In a/an _____ market structure, there exist identical products with minimal barriers for new suppliers to enter the market, and price is solely a function of the forces of supply and demand.


A) monopolistic
B) oligopolistic
C) communistic
D) perfect competition
E) Price is never solely a function of supply and demand, regardless of market structure.

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