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Q19 Which of the following conditions is specific to perfect competition? Please choose an answer: a. Businesses are price takers. b. There are a large

Q19 Which of the following conditions is specific to perfect competition?

Please choose an answer:

a. Businesses are price takers.

b. There are a large number of businesses.

c. Firms equalize marginal revenue and marginal cost.

d. Companies produce homogeneous goods.

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