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Business, 16.07.2019 05:20 netflixacc0107

Which statement is not characteristic of perfect competition? a. there are many producers; one firm has a 25% market share, and all of the remaining firms have a market share of < 2% each. b. all firms produce the same standardized product. c. there are no obstacles to entry into or exit from the industry. d. there are many producers, and each has only a small market share.

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