What are the main characteristics of a perfectly competitive market that cause buyers and sellers to be

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What are the main characteristics of a perfectly competitive market that cause buyers and sellers to be price takers? Explain.

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:33 AM

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What are the main characteristics of a perfectly competitive market that cause buyers and sellers to be

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All four of the characteristics listed in Figure 81A of Chapter 8 are important to ensuring that buyers and sellers are price takers Students should r...View the full answer

Managerial Economics

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