Business, 17.03.2020 01:21 yuser7865

Which of the following is NOT a basic assumption of perfect competition? A. Production is characterized by significant economies of scale. B. There is free entry and exit from the market. C. All firms produce identical, or nearly identical, products. D. All firms and consumers are price takers.

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Which of the following is NOT a basic assumption of perfect competition? A. Production is characteri...