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Characteristics of Perfect Competition
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Problem 1
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Problem 4
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Problem 10
Characteristics of Perfect Competition
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11. Perfect Competition / Characteristics of Perfect Competition / Problem 4
Problem 4
What limitation do firms face in a perfectly competitive market regarding pricing?
A
They can only set prices above the market price.
B
They can negotiate prices with buyers.
C
They can set prices below the market price.
D
They must accept the market price as given.
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