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Which of the following is true of a competitive market? - the outcome of a competitive market is fair and equitable - competitive markets provide
Which of the following is true of a competitive market?
- the outcome of a competitive market is fair and equitable
- competitive markets provide significant economic profits to producers in the long run
- competitive markets allow consumers to gain at the expense of producers
- competitive markets yield efficient outcomes
- competitive markets promote business by allowing to gain at the expense of consumers
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