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Perfect competition is (Points : 1) not an abstraction from reality; it is reality. an "ideal type"—that is, a model or guidepost for comparison. the only market structure in the United States. the best of all possible worlds. found in the U.S. steel industry.
Perfect competition is the best of all possible worlds.
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Asked 6/2/2014 5:01:30 PM
Updated 9/25/2015 4:03:35 AM
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jeifunk
[9/25/2015 4:03:35 AM]
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Perfect competition is (Points : 1) not an abstraction from reality; it is reality. an "ideal type"—that is, a model or guidepost for comparison. the only market structure in the United States. the best of all possible worlds. found in the U.S. steel industry.
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Perfect competition is the best of all possible worlds.
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Added 9/25/2015 3:46:18 AM
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For a perfectly competitive firm, the demand curve is
Weegy:
For a perfectly competitive firm, the demand curve is perfectly elastic.
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