Multiple Choice
If in a vegetable market, prices reflect all available information and adjust instantaneously:
A) This is a perfect market
B) This is a monopolistic market
C) This is an efficient market
D) This is a common or 'garden' market
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Isolating mechanisms are barriers limiting the equalization
Q3: Once established, competitive advantage is:<br>A)Relatively stable over
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