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The large-number-of-sellers condition of perfect competition is met when a. there are more than 100 firms in the industry. b. there are more sellers than
The large-number-of-sellers condition of perfect competition is met when a. there are more than 100 firms in the industry. b. there are more sellers than buyers in the market. c. there are more than 50 firms in the industry. d. each firm is so small relative to the total market that no single firm can influence the market price
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