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If markets are perfectly competitive then the production of goods A. will require government intervention. B. will always lead to business failures. C. will occur
If markets are perfectly competitive then the production of goods A. will require government intervention. B. will always lead to business failures. C. will occur at an average total cost value that is above the minimum. D. will use the least costly combination of resources.The demand curve for the perfectly competitive industry is A. indeterminate without more information. B. horizontal. C. downward sloping. OD. vertical
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