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27 April, 08:07

True or false: the market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets.

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  1. 27 April, 08:23
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    The statement can be categorized as "True".

    The market for lettuce does exhibit the two primary characteristics that define a perfectly competitive market. One of them is that it contains various buyers and sellers and the Second one is that there are no barriers to entry or to exit.
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