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A Competitive Price-Searcher Market Is Characterized by Firms

Question 167

Multiple Choice

A competitive price-searcher market is characterized by firms


A) being able to choose their price and no barriers preventing firms from entering or leaving the market.
B) being able to choose their price and high barriers preventing firms from entering or leaving the market.
C) being able to accept the market price for their product and high barriers preventing firms from entering or leaving the market.
D) having to accept the market price for their product and no barriers preventing firms from entering or leaving the market.

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