Business
Business, 21.04.2020 18:25, golfthrash

A perfectly competitive industry exists under which of the following conditions? I. The product sold is similar across firms. II. There are many sellers, each small relative to the total market. III. There are many sellers, each with total assets less than $2 million. IV. The threat of competition exists from potential sellers that have not yet entered the market.

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A perfectly competitive industry exists under which of the following conditions? I. The product sold...

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