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Classify each statement according to whether or not it is an assumption made under perfect competition (aka pure competition or competitiveindustry). Assumed in perfect competition

Classify each statement according to whether or not it is an assumption made under perfect competition (aka pure competition or competitiveindustry).

Assumed in perfect competition Not assumed in perfect competition Answer Bank price-taking behavior firms selling a similar but differentiated good significant barriers to entry many sellers a small number of producers

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