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English, 29.09.2019 23:30 behemoth42

When it comes to competition and setting prices, it can be said that businesses operating in a perfect competition

a)
are price takers, taking the price set by supply and demand

b)
are price makers, able to set the price however they wish

c)
are set in interdependence and work with other businesses to create a price

d)
are considered public goods and prices are set by the government

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Answers: 1

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