Under perfect competition, __________. a) many firms have some influence over price b) a few firms have

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Under perfect competition, __________.

a) many firms have some influence over price

b) a few firms have influence over price

c) no firm has any influence over price

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:00 AM

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Under perfect competition, __________. a) many firms have some influence over price b) a few firms have

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The correct answer is c no firm has any influence over price Heres why Perfect competition is a theoretical economic model characterized by the follow...View the full answer

Microeconomics

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