7. A perfectly competitive market
a. is often found in the real world
c. is necessary f...
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7. A perfectly competitive market
a. is often found in the real world
c. is necessary for markets to be useful.
b. requires a set of ideal conditions
d. demonstrates the need for subsidies and
outcomes.
price ceilings
8. Deficiency payments are part of a federal program to assist
a. farmers.
C. consumers.
b. senior citizens.
d. college students.
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Answers: 1
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