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Which of the following is a reason why firms in a perfectly competitive market have no influence over price? Buyers and sellers lack perfect information
Which of the following is a reason why firms in a perfectly competitive market have no influence over price? Buyers and sellers lack perfect information about the product and pricing. Barriers exist to enter the market. There are many sellers that produce similar, but not identical, products. All firms in the market sell identical products
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
