In a perfectly competitive market:
A) there are barriers to easy entry and exit.
B) ease of entry is related to the sustainability of economic profits.
C) one seller may have more information than others.
D) no firm can shut down or go out of business in the short run.
Correct Answer:
Verified
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A) are those individuals in a
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Q10: The assumptions of perfect competition imply that:
A)
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Q15: Which of the following is false?
A) Economists
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