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Which of following is a key assumption of a perfectly competitive market? a. Firms can influence market price. b. Commodities have few sellers. c. It

  1. Which of following is a key assumption of a perfectly competitive market?

a.

Firms can influence market price.

b.

Commodities have few sellers.

c.

It is difficult for new sellers to enter the market.

d.

Firms produce homogeneous products.

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