A and D are the correct answers . You are welcome .
Answer
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Explanation
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Answer:D.
Someone is given responsibility for deciding how to meet the need.
Explanation:
Answer:b
Explanation:
if you show that other companies profit from what you sell people would want to by the product
E.6.C
Answer:
D. No seller can influence the price of the product
Explanation:
A perfect market for competition is a market which has a high level of competition.
It has the following features-
1. With regard to the market, knowledge is perfect in this rivalry between producer and consumer.
2. Free entry, and exit
3. Deals with same or homogeneous products
4. The buyers and sellers are more in this market
5. There is no transport cost
Moreover, the average revenue and the marginal revenue are equal.
So, the correct option is D.