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Which of the following is characteristic of a perfectly competitive market quizlet?(The characteristics of a perfectly competitive firms are: price takers, experience no barriers to entry, sell identical products, and face a perfectly elastic (horizontal) demand curve.)
What are the characteristics of a perfectly competitive? A large number of buyers and sellers. ... . Homogenous products. ... . Free exit and entry of firms. ... . Perfect knowledge among buyers and sellers. ... . No transport costs. ... . Perfect mobility of factors of production. ... . No promotional and selling costs.. Which of the following are the four characteristics of a perfectly competitive market quizlet?The four conditions that in place, in a perfectly competitive market are; many buyers and sellers, identical products, informed buyers and sellers, and free market entry and exit.
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Which of the following is characteristics of a perfectly competitive market quizlet?
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