Asked by
Lyndsey SInclair
on Nov 17, 2024
Verified
All goods and services are sold in perfectly competitive markets.
Perfectly Competitive Markets
Markets characterized by many buyers and sellers, homogenous products, freedom of entry and exit, and perfect information, where no single participant can influence the market price.
- Identify the attributes of perfectly competitive markets.
Verified Answer
TA
Learning Objectives
- Identify the attributes of perfectly competitive markets.
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