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Introduction to Economics 2
Introduction to Economics 2 Deneme Sınavı
Introduction to Economics 2 Deneme Sınavı Sorusu #349960
Introduction to Economics 2 Deneme Sınavı Sorusu #349960
If a market has many companies selling the same product with no restrictions, we can talk about ______.
constant returns to scale
|
economies of scale
|
factor abundance
|
perfect competition |
comparative advantage |
Yanıt Açıklaması:
Perfect competition is a market in which there are many firms each selling an identical commodity; there are many buyers; there are no restrictions on entry into and exit from the industry; firms in the industry have no advantage over potential new entrants; firms and buyers are well informed about the price of the commodity that each firm is produced.
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