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10 January, 17:34

What is true of a perfectly competitive market?

A. The conditions do not exist in reality.

B The problem of scarcity does not exist.

C. The market share varies by firm.

D. There are significant barriers to entry.

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  1. 10 January, 17:46
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    The correct answer is B.) The problem of scarcity does not exist.

    Because since it is a 'perfectly competitive' market then scarcity shouldnt exist.

    -Autumn Leaves
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