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    Exam 2: Evaluating a Firms External Environment
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    In a Perfectly Competitive Industry, a Large Number of Firms
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In a Perfectly Competitive Industry, a Large Number of Firms

Question 50

Question 50

True/False

In a perfectly competitive industry, a large number of firms have products and services that are similar to each other and it is not very costly for firms to enter into or exit these markets.

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