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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. All firms in the market sell identical products. There are many sellers that produce similar, but not identical, products. Barriers exist to enter the market
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
