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EC101M Microeconomics - How Markets Work Quiz
EC101M Microeconomics - How Markets Work Quiz
Quiz
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
Restart
What is a characteristic of competitive markets?
A.
Few buyers and sellers
B.
Each seller has a unique product
C.
High entry and exit costs for firms
D.
Firms can freely enter (and exit) the market without incurring any cost
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