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Question 7

A major assumption in a perfectly competitive market is that

  • A.the number of buyers and sellers is small
  • B. individuals cannot influence prices
  • C. the quality of products remain the same
  • D. prices will always remain constant
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2020/2021 - Model
Question no.
#7
Type
Objective
Previous · Q6A discount house is a market where Next · Q8 In a particular year, the sum of the value added in each sector of the economy…

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