Business
Business, 20.02.2020 19:58, kikidsgn123

The market for breakfast cereal contains hundreds of similar products, such as Froot Loops, cornflakes, and Rice Krispies, that are considered to be different products by different buyers. This situation violates the perfect competition assumption of: a) many buyers and sellers. b) ease of exit. c) ease of entry. d) a standardized product.

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