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06-11-2019
Business

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Perfect competition is a market in which there are _____ firms

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amirmeeka amirmeeka

06-11-2019

Answer:

Many.

Explanation:

All firms sell an identical product.
All firms are price takers.
Market share has no influence on prices.
Resources for such a labor are perfectly mobile.
Firms can enter or exit the market without cost.

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