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    Principles of Microeconomics Study Set 4
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    Exam 9: Competitive Markets for Goods and Services
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    A Characteristic of Perfect Competition Is That Buyers Know the Prices
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A Characteristic of Perfect Competition Is That Buyers Know the Prices

Question 76

Question 76

True/False

A characteristic of perfect competition is that buyers know the prices that sellers are asking but sellers do not necessarily know the prices that buyers are offering.

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