0- A perfect competition market structure means: a. a large number of buyers & sellers b. working together to set prices c. difficulty entering & exiting the market d. little information is available to buyers

0- A perfect competition market structure means: a. a large number of buyers & sellers b. working together to set prices c. difficulty entering & exiting the market d. little information is available to buyers

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter23: Price-searcher Markets With Low Entry Barriers

Section: Chapter Questions

Problem 15CQ

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A perfect competition market structure means:

a large number of buyers & sellers

working together to set prices

difficulty entering & exiting the market

little information is available to buyers

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38. A perfect competition market structure means: a. difficulty entering & exiting the market b. a large number of buyers & sellers c. working together to set prices d. little information is available to buyers
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