Chapter $04$ Homework

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Attempts $$ Do No Harm $\frac{?}{2}$

Markets and competition

Identical products, as well as a large number of buyers and sellers, are characteristics of a $q,$ market. In such markets, sellers of goods $$ influence the prevailing market price, giving them the role of price $$ in the market.

True or False: The market for rice does not exhibit the two primary characteristics that define perfectly competitive markets.

True

False

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