Multiple Choice
How does Ebay differ from an economist's view of a perfect competitive market?
A) Ebay has few buyers whereas perfect competitive industry assumes many buyers
B) Ebay has few sellers whereas perfect competitive industry assumes many sellers
C) There is limited information in ebay whereas perfect competitive industry assumes full information for both buyers and sellers
D) There is no difference between these two markets.
Correct Answer:
Verified
Correct Answer:
Verified
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