Question: With explanations please Consider the markets for two products below indicate which characteristics of a competitive market are these markets. Market: computers large number of

With explanations please With explanations please Consider the markets for two products below indicate which

Consider the markets for two products below indicate which characteristics of a competitive market are these markets. Market: computers large number of buyers standardized good full information no transaction cost participants are price takers Market: cell phones large number of buyers standardized good full information no transaction cost participants are price takers

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