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Which of the following is not an assumption of the theory of perfect competition? O a) Each firm produces and sells differentiated products. b) There

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Which of the following is not an assumption of the theory of perfect competition? O a) Each firm produces and sells differentiated products. b) There is easy entry and exit into the market. Oc) There are many sellers and many buyers, none of whom have a large market share. O d) Sellers are all price takers

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