Virginia Tech ECON ECON 2005 Explain which cost industry is represented in the graph below? (1…
3. Which one of the following is not a characteristic of perfect competition: (1 point)
a. Products in this market tend to be exclusive
b. Few sellers & many buyers
c. They sell a differentiated product
d. Only perfect substitutes exist for this market structure
e. A, B, and C
f. All of the above
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