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Question 2 Which of the following is NOT a characteristic of a perfectly competitive industry? There are no restrictions on entry into the market. O

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Question 2 Which of the following is NOT a characteristic of a perfectly competitive industry? There are no restrictions on entry into the market. O There are many firms. Each firm produces a slightly differentiated product. Each firm takes price as given, determined by the equilibrium of industry supply and industry demand Moving to another question will save this response

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