Which of the following is a characteristic of a perfectly competitive market?

A. a large number of firms in a market
B. selling a standardized product
C. no barriers to entry
D. All of these


Answer: D

Economics

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A) lost wages while in school B) lost wages while in on-the-job training C) tuition payments D) apartment rent while working and going to school part-time

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A country is likely to have a comparative advantage in a land-intensive activity if it has a:

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The long-run Phillips curve is vertical

a. True b. False

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