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    Business
  3. Study Set
    Managerial Economics Study Set 4
  4. Exam
    Exam 8: Pricing and Output Decisions: Perfect Competition and Monopoly Appendices 8A and 8B
  5. Question
    A Feature of Perfect Competition Is
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A Feature of Perfect Competition Is

Question 7

Question 7

Multiple Choice

A feature of perfect competition is


A) use of non-price competition by firms.
B) mutual interdependence among firms.
C) unique products.
D) standardized products.

Correct Answer:

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