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    Principles of Macroeconomics Study Set 8
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    Exam 4: The Market Forces of Supply and Demand:Markets and Competition
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    In Competitive Markets,which of the Following Is Not Correct
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In Competitive Markets,which of the Following Is Not Correct

Question 24

Question 24

Multiple Choice

In competitive markets,which of the following is not correct?


A) Firms produce identical products.
B) No individual buyer can influence the market price.
C) Some sellers can set prices.
D) Buyers are price takers.

Correct Answer:

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