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Business, 09.04.2020 23:53 Ackussinglake63

Classify the assumptions according to whether or not each item is an assumption made under perfect competition (also known as pure competition or competitive industry). Assumed in perfect CompetitionNot Assumed in perfect Competition

-A small number of producers

-Significant barriers to entry

-Many buyers

-Firms selling similar but different goods

-Price taking behavior

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