1. What are the characteristics of a competitive market? Which of the following drinks do you think...

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1. What are the characteristics of a competitive market?

Which of the following drinks do you think is best described by these characteristics? Why aren’t the others?

a. tap water

b. bottled water

c. cola

d. beer

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Business Economics

ISBN: 388402

2nd Edition

Authors: Mark P. Taylor, Andrew Ashwin, N. Gregory Mankiw

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