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If perfect competition existed everywhere, along with frictionless exchange, perfect information, and constant returns to scale, Question 6 options: A) firms would not have the
If perfect competition existed everywhere, along with frictionless exchange, perfect information, and constant returns to scale, Question 6 options: A) firms would not have the information necessary to calculate marginal productivities of resources B) the economy would be organized into one large firm C) consumers would produce output and then engage in barter D) consumers would carry out transactions directly with resource suppliers E) entrepreneurs would be needed to collect information
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